DELTAMAGNT investors disappointed by market underperformance
22 Jan, 201914 min read
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DELTA MAGNETS LIMITED is a falling knife that can bleed you if you catch it today. It returned -3.87% to close at 74.55. During the last week it returned -4.36% and saw a maximum drawdown of -4.36%.
[Themes containing DELTAMAGNT]
Buy-and-Hold investors in DELTAMAGNT experienced a maximum drawdown of -23.34% over the last three months. It gained +3.33% during this 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.
DELTAMAGNT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 21 Sep, 2018. Over the last 3 years and 1 month, DELTAMAGNT outperformed the NIFTY-50 index on 49% days. Which indicates that on days DELTAMAGNT outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
DELTAMAGNT returned losses on 55% days in the last three months. During this time, it delivered on average +0.11% per day. It delivered it's worst daily return of -5.0%, during this period, on Wednesday, 28 Nov, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 7 Nov, 2018. The bullish trend returned +19.32% to investors. This was followed by a bearish trend that started on 19 Nov, 2018 and ended on 22 Nov, 2018. This bearish trend lost -13.33% of investor capital.
On monthly basis, DELTAMAGNT delivered losses in more months over the last year, than profits. DELTAMAGNT delivered profits less regularly than NIFTY-50 index. DELTAMAGNT significantly outperformed NIFTY-50 index in Aug 2018, when it returned +89.81% compared to +6.14% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. DELTAMAGNT had a shorter streak of profitable months than NIFTY-50 index. It only went up in 2 straight months during the last year.
"You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.
DELTAMAGNT 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 DELTAMAGNT's volatility from 7 Dec, 2018 to 16 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 DELTAMAGNT 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.
DELTAMAGNT has more chance of extreme outcomes than the NIFTY-50 index. Therefore, DELTAMAGNT must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than DELTAMAGNT.
Based on your interest in DELTAMAGNT you may find it interesting to know that MEGH and SHREYANIND have both performed similar to DELTAMAGNT and can be considered by investors as alternative investment options.
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