CIGNITITEC investors looking to add more to current positions

CIGNITI TECHNOLOGIES LTD showed marginal outperformance on Wednesday. It delivered 0.0% to close at 362.0. It is currently trading +56% above it's 52 week low of 231.85 and is down only -24% from it's 52 week high.

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CIGNITITEC is currently in a bearish trend. The previous short signal in CIGNITITEC has not been profitable for investors in general. If you are short on CIGNITITEC at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

Trend

Monthly Performance

Alpha (outperformance)

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Return distribution

CIGNITITEC has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 6 Jan, 2016 to 11 Aug, 2017. Over the last 3 years and 1 month, CIGNITITEC underperformed the NIFTY-50 index on 52% days.

During the last three months CIGNITITEC delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.14%) was on Thursday, 29 Nov, 2018. While it's worst loss in the same period (of -5.19%) was on Wednesday, 14 Nov, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 1 Nov, 2018 and went on till 13 Nov, 2018. This bullish trend returned +14.13% to investors.

The last 12 months saw CIGNITITEC's investors making profits in 7 months and incurring losses in 5 months. During the last year, CIGNITITEC delivered profits in more months than NIFTY-50 index. CIGNITITEC significantly outperformed NIFTY-50 index in Jun 2018, when it returned +39.92% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. CIGNITITEC had a longer winning streak of profitable months than NIFTY-50 index. It went up in 6 straight months (from Feb 2018 to Jul 2018) during which period it delivered +78.44%. It is interesting to note that both CIGNITITEC and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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CIGNITITEC is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in CIGNITITEC's volatility from 25 Oct, 2018 to 18 Dec, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that CIGNITITEC has positive skewness in it's return distribution. This indicates that investors can expect CIGNITITEC to make attempts to recover from drawdowns quickly. Which makes CIGNITITEC a good candidate for momentum based trading on short-term bullish trends or counter-trends.

NIFTY-50 index has more chance of extreme outcomes than CIGNITITEC. Therefore, NIFTY-50 must receive a lower allocation than CIGNITITEC in your portfolio. CIGNITITEC usually has shorter drawdown period than the NIFTY-50 index.

Based on your interest in CIGNITITEC you may find it interesting to know that IGARASHI and NIITTECH have both shown remarkable performance this year and deserve to be on every investors' watchlist.