28.0 -0.44 (-1.58%) Sell

CORPBANK investors disappointed by market underperformance

13 min read

CORPORATION BANK ranked among the worst performers today. It returned -1.58% to close at 28.0. During the last week it returned -1.93% and saw a maximum drawdown of -2.78% before bouncing back.

[Themes containing CORPBANK]

Buy-and-Hold investors in CORPBANK experienced a maximum drawdown of -13.19% over the last three months. It gained +17.15% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +10.57%.


CORPBANK has been underperforming the NIFTY-50 index in recent time, after having outperformed till 4 May, 2017. Over the last 3 years and 1 month, CORPBANK underperformed the NIFTY-50 index on 57% days.

CORPBANK returned losses on 56% days in the last three months. During this time, it delivered on average +0.28% per day. It delivered it's best daily return of +11.2%, during this period, on Tuesday, 11 Dec, 2018. There was initially a bullish trend during this period which started on 24 Oct, 2018 and went on till 31 Oct, 2018. The bullish trend returned +16.33% to investors. This was followed by a bearish trend that started on 28 Nov, 2018 and ended on 10 Dec, 2018. This bearish trend lost -10.19% of investor capital.

On monthly basis, CORPBANK delivered losses in more months over the last year, than profits. CORPBANK delivered profits less regularly than NIFTY-50 index. CORPBANK was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Feb 2018, returned -13.2% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CORPBANK 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 -39.2%. It is interesting to note that both CORPBANK and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.

CORPBANK 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 CORPBANK's volatility from 30 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 CORPBANK has significant negative skewness in it's return distribution. This indicates that CORPBANK is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in CORPBANK), TORNTPHARM is a large cap that deserves to be closely tracked for investment opportunities.

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