CYIENT LIMITED significantly underperformed on Friday. It returned -2.76% to close at 612.1. It is currently trading -30% below it's 52 week high of 875.1.
CYIENT is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning -6.34%) for CYIENT's investors than trading long signals.
CYIENT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 May, 2018. Over the last 3 years and 1 month, CYIENT underperformed the NIFTY-50 index on 50% days. Which indicates that on days CYIENT underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
During the last three months CYIENT was mostly loss making and delivered on average -0.09% per day. It's best return during this period (of +4.62%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -4.56%) was on Monday, 22 Oct, 2018. There was initially a bullish trend during this period which started on 24 Oct, 2018 and went on till 29 Oct, 2018. The bullish trend returned +2.46% 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 -4.81% of investor capital.
On monthly basis, CYIENT delivered profits and losses in equal number of months. CYIENT delivered profits in more months than NIFTY-50 index. CYIENT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Oct 2018, returned -18.32% compared to -6.42% returned by NIFTY-50 index in Sep 2018. CYIENT and NIFTY-50 index, both had periods of 2 consecutive profitable months.
"Price is what you pay and value is what you get.
CYIENT is becoming more 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 CYIENT's volatility from 19 Oct, 2018 to 10 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 CYIENT has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
NIFTY-50 index has more chance of extreme outcomes than CYIENT. Therefore, NIFTY-50 must receive a lower allocation than CYIENT in your portfolio. NIFTY-50 index usually has shorter drawdown period than CYIENT.
On a general note (since you are interested in CYIENT), three instruments that deserve special mention are ~CHEMICALS, BRITANNIA and BAJFINANCE. They have all outperformed the market and must be closely watched for investment opportunities.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute