45.8 -1.03 (-2.24%) Buy

CINELINE investors treading cautiously as performance is muted

15 min read

CINELINE INDIA LIMITED was among the worst performers today. It returned -2.24% to close at 45.8. It's recent 5 day performance has been -1.06%, -1.15%, +1.16%, -1.25% and +0.74%.

[Themes containing CINELINE]

CINELINE is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning +3.27%) for CINELINE's investors than trading long signals.


CINELINE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 28 Dec, 2017. Over the last 3 years and 1 month, CINELINE outperformed the NIFTY-50 index on 45% days. Which indicates that on days CINELINE outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months CINELINE delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.78%) was on Friday, 14 Dec, 2018. While it's worst loss in the same period (of -5.27%) was on Friday, 9 Nov, 2018. There was initially a bullish trend during this period which started on 1 Nov, 2018 and went on till 7 Nov, 2018. The bullish trend returned +18.65% to investors. This was followed by a bearish trend that started on 26 Dec, 2018 and ended on 4 Jan, 2019. This bearish trend lost -8.06% of investor capital.

On monthly basis, CINELINE delivered losses in more months over the last year, than profits. CINELINE delivered profits less regularly than NIFTY-50 index. CINELINE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -18.28% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CINELINE had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +14.65%. It is interesting to note that both CINELINE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Greed is not a financial issue. It's a heart issue.
-- Andy Stanley

CINELINE is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in CINELINE's volatility from 24 Oct, 2018 to 7 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 CINELINE has significant negative skewness in it's return distribution. This indicates that CINELINE is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in CINELINE you may find it interesting to know that JAYBARMARU has delivered similar performance as CINELINE and can be considered as an alternative investment candidate (to CINELINE).

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