LT FOODS LIMITED underperformed on Tuesday. It delivered -1.03% to close at 38.4. It is currently trading -61% below it's 52 week high of 99.95.
DAAWAT is currently in a bearish trend. Over the last three months trading short signals has not been a profitable strategy for DAAWAT's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -6.8%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to DAAWAT.
DAAWAT has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 2 Mar, 2016 to 8 Jan, 2018. Over the last 3 years and 1 month, DAAWAT outperformed the NIFTY-50 index on 45% days. Which indicates that on days DAAWAT outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months DAAWAT was mostly loss making and delivered on average -0.07% per day. It's best return during this period (of +13.32%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -6.21%) was on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 31 Oct, 2018 and went on till 9 Nov, 2018. This bullish trend returned +26.87% to investors.
The last 12 months saw DAAWAT's investors making profits in 5 months and incurring losses in 7 months. During the last year, DAAWAT and NIFTY-50 index had the same number of profitable months. DAAWAT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -21.68% compared to -6.42% returned by NIFTY-50 index in Sep 2018. DAAWAT had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -43.65%. It is interesting to note that both DAAWAT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Don't tell me what you value, show me your budget, and I'll tell you what you value.
-- Joe Biden
DAAWAT is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in DAAWAT's volatility from 5 Nov, 2018 to 1 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 DAAWAT has significant negative skewness in it's return distribution. This indicates that DAAWAT is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than DAAWAT. Therefore, NIFTY-50 must receive a lower allocation than DAAWAT in your portfolio. NIFTY-50 index usually has shorter drawdown period than DAAWAT.
On a general note (since you are interested in DAAWAT), TORNTPHARM is a large cap that deserves to be closely tracked 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