67.05 0.0 (0.0%) Sell

CORDSCABLE investors hold onto their investments as it marginally outperforms

13 min read

CORDS CABLE INDUS LTD. performed better than the broader market today. It returned 0.0% to close at 67.05. During the last week it returned -2.61% and saw a maximum drawdown of -2.83% before bouncing back.

[Themes containing CORDSCABLE]

Buy-and-Hold investors in CORDSCABLE experienced a maximum drawdown of -18.59% over the last three months. It returned +11.19% during this strong up trending period. There were no long signals during this period. However, the short signal incurred a significant loss, losing -11.19% of investors' capital.


CORDSCABLE has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, CORDSCABLE underperformed the NIFTY-50 index on 56% days.

During the last three months CORDSCABLE was mostly profitable and delivered on average +0.22% per day. It's best return during this period (of +10.85%) was on Friday, 14 Dec, 2018. While it's worst loss in the same period (of -7.02%) was on Friday, 7 Dec, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +15.15% to investors. This was followed by a bearish trend that started on 20 Dec, 2018 and ended on 26 Dec, 2018. This bearish trend lost -7.04% of investor capital.

On monthly basis, CORDSCABLE delivered profits and losses in equal number of months. CORDSCABLE delivered profits less regularly than NIFTY-50 index. CORDSCABLE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -27.76% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CORDSCABLE and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both CORDSCABLE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

If all the economists were laid end to end, they'd never reach a conclusion.
-- George Bernard Shaw

CORDSCABLE 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 CORDSCABLE's volatility from 22 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 CORDSCABLE has significant negative skewness in it's return distribution. This indicates that CORDSCABLE is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in CORDSCABLE), three large cap instruments that deserve special mention are BAJFINANCE, TORNTPHARM and BRITANNIA. They have all outperformed the market and must be closely watched for investment opportunities.

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