CLARIANT CHEMICALS (INDIA trailed the broader market on Friday. It lost -0.64% to close at 402.85. It is currently trading -36% below it's 52 week high of 637.2.
CLNINDIA showed a up trend over the last 3 months. During this period CLNINDIA grew by +7.17% and saw a maximum drawdown of -6.58%. There were 2 long signals during this period that returned a cumulative of +2.6% to investors.
CLNINDIA has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Jan, 2016. Over the last 3 years and 1 month, CLNINDIA underperformed the NIFTY-50 index on 53% days.
During the last three months CLNINDIA delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +5.95%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -3.92%) was on Friday, 2 Nov, 2018. There was initially a bullish trend during this period which started on 19 Oct, 2018 and went on till 25 Oct, 2018. The bullish trend returned +2.8% to investors. This was followed by a bearish trend that started on 1 Jan, 2019 and ended on 10 Jan, 2019. This bearish trend lost -3.6% of investor capital.
CLNINDIA had 3 profitable and 9 loss making months over the last year. During the last year, CLNINDIA underperformed NIFTY-50 index on monthly return basis. CLNINDIA significantly outperformed NIFTY-50 index in Aug 2018, when it returned +28.73% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. CLNINDIA had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -47.14%. It is interesting to note that both CLNINDIA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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CLNINDIA 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 CLNINDIA's volatility from 13 Dec, 2018 to 9 Jan, 2019. 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 CLNINDIA has significant negative skewness in it's return distribution. This indicates that CLNINDIA is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than CLNINDIA. Therefore, NIFTY-50 must receive a lower allocation than CLNINDIA in your portfolio. NIFTY-50 index usually has shorter drawdown period than CLNINDIA.
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