DEN NETWORKS LTD showed marginal outperformance today. It increased by +0.07% to close at 69.95. It's recent 5 day performance has been 0.0%, -0.07%, -0.14%, -0.28% and +0.5%.
DEN showed a bullish trend over the last 3 months. During this period DEN increased by +1.89% . There was a long signal during this period which returned +1.89%.
DEN has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 5 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, DEN underperformed the NIFTY-50 index on 54% days.
During the last three months DEN delivered losses on 58% days. However, it still managed to end this period in a profit. It's best return during this period (of +1.23%) was on Wednesday, 26 Dec, 2018. While it's worst loss in the same period (of -2.04%) was on Wednesday, 24 Oct, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +0.65%) started on 9 Nov, 2018 and went on till 14 Nov, 2018 while the bearish trend (which returned -0.71%) started on 3 Dec, 2018 and went on till 6 Dec, 2018.
During the last year DEN had 4 profitable months and 8 loss making months. DEN returned profits in fewer months than NIFTY-50 index. DEN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jul 2018, returned -31.35% compared to -6.42% returned by NIFTY-50 index in Sep 2018. DEN had a longer winning streak of losing months than NIFTY-50 index. It went down in 7 straight months (from Feb 2018 to Aug 2018) during which period it delivered -66.58%. It is interesting to note that both DEN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
DEN 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 DEN's volatility from 23 Oct, 2018 to 22 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 DEN has significant negative skewness in it's return distribution. This indicates that DEN is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than DEN. Therefore, NIFTY-50 must receive a lower allocation than DEN in your portfolio. NIFTY-50 index usually has shorter drawdown period than DEN.
On a general note (since you are interested in DEN), three mid cap instruments that deserve special mention are LTI, HATSUN and BATAINDIA. They have all outperformed the market and must be closely watched for investment opportunities.
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