COFFEEDAY managed to outperform the broader market today. On a longer term basis, investors in COFFEE DAY ENTERPRISE LTD made +0.03% per day. Friday's performance of +0.53% was a outperformance compared to it's daily average.
COFFEEDAY showed a strong bullish trend over the last 3 months. During this period COFFEEDAY surged by +11.18% and saw a maximum drawdown of -13.35%. There was a long signal during this period which returned +0.94%.
COFFEEDAY has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 5 Jan, 2016 to 27 Aug, 2018. Over the last 3 years and 1 month, COFFEEDAY underperformed the NIFTY-50 index on 56% days.
COFFEEDAY was profitable on 50% days in the last three months. During this time, it delivered on average +0.18% per day. It delivered it's worst daily return of -5.65%, during this period, on Thursday, 15 Nov, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 1 Nov, 2018 and went on till 7 Nov, 2018. This bullish trend returned +11.63% to investors.
The last 12 months saw COFFEEDAY's investors making profits in 7 months and incurring losses in 5 months. During the last year, COFFEEDAY delivered profits in more months than NIFTY-50 index. COFFEEDAY significantly outperformed NIFTY-50 index in Apr 2018, when it returned +13.63% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. COFFEEDAY had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Jul 2018 to Sep 2018) during which period it delivered +6.0%. It is interesting to note that both COFFEEDAY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
It is not the man who has too little, but the man who craves more, that is poor.
COFFEEDAY is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in COFFEEDAY's volatility from 19 Oct, 2018 to 11 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 COFFEEDAY has significant negative skewness in it's return distribution. This indicates that COFFEEDAY is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than COFFEEDAY. Therefore, NIFTY-50 must receive a lower allocation than COFFEEDAY in your portfolio. NIFTY-50 index usually has shorter drawdown period than COFFEEDAY.
Based on your interest in COFFEEDAY you may find it interesting to know that NIFTY50-DIV-POINT and TIDEWATER are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).
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