DEEPAK NITRITE LTD outperformed on Friday. It surged by +2.12% to close at 231.05. On a day when the overall market breadth was 71%, it closed higher than 73% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in DEEPAKNTR experienced a maximum drawdown of -25.46% over the last three months. It delivered -7.84% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
DEEPAKNTR has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 9 Mar, 2016 to 27 Sep, 2018. Over the last 3 years and 1 month, DEEPAKNTR outperformed the NIFTY-50 index on 50% days. Which indicates that on days DEEPAKNTR outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
DEEPAKNTR returned losses on 56% days in the last three months. During this time, it delivered on average -0.1% per day. It delivered it's best daily return of +9.01%, during this period, on Friday, 2 Nov, 2018. The longest stort-term trend during this period was 7 losing days, which started on 9 Nov, 2018 and ended on 19 Nov, 2018. This bearish trend lost -8.48% of investor capital.
The last 12 months saw DEEPAKNTR's investors making profits in 6 months and incurring losses in 6 months. During the last year, DEEPAKNTR delivered profits in more months than NIFTY-50 index. DEEPAKNTR was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Dec 2018, returned -14.19% compared to -6.42% returned by NIFTY-50 index in Sep 2018. DEEPAKNTR 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 +23.44%. It is interesting to note that both DEEPAKNTR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Never spend your money before you have earned it.
-- Thomas Jefferson
DEEPAKNTR 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 DEEPAKNTR's volatility from 22 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 DEEPAKNTR has significant negative skewness in it's return distribution. This indicates that DEEPAKNTR is very risky for short-term investment and can significantly underperform for long durations.
DEEPAKNTR has more chance of extreme outcomes than the NIFTY-50 index. Therefore, DEEPAKNTR must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than DEEPAKNTR.
Based on your interest in DEEPAKNTR you may find it interesting to know that IGARASHI is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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