50.8 -1.79 (-3.51%) Buy

DOLPHINOFF investors herd to book profits while the going is good

13 min read

DOLPHINOFF was among the worst performers today. On a longer term basis, investors in DOLPHIN OFF. ENT IND LTD. made +0.01% per day. Friday's performance of -3.51% was a underperformance compared to it's daily average.

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DOLPHINOFF showed a bullish trend over the last 3 months. During this period DOLPHINOFF surged by +8.78% and saw a maximum drawdown of -22.62%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in DOLPHINOFF till volatility reduces and a clear trend emerges.


DOLPHINOFF has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Dec, 2016 to 1 Oct, 2018. Over the last 3 years and 1 month, DOLPHINOFF underperformed the NIFTY-50 index on 58% days.

DOLPHINOFF returned losses on 52% days in the last three months. During this time, it delivered on average +0.19% per day. It delivered it's best daily return of +14.08%, during this period, on Tuesday, 13 Nov, 2018. The longest stort-term trend during this period was 9 profitable days, which started on 31 Oct, 2018 and went on till 13 Nov, 2018. This bullish trend returned +25.02% to investors.

During the last year DOLPHINOFF had 4 profitable months and 8 loss making months. DOLPHINOFF returned profits in fewer months than NIFTY-50 index. DOLPHINOFF was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Feb 2018, returned -24.03% compared to -6.42% returned by NIFTY-50 index in Sep 2018. DOLPHINOFF had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -39.55%. It is interesting to note that both DOLPHINOFF and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"Wealth consists not in having great possessions, but in having few wants.

DOLPHINOFF is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in DOLPHINOFF'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 DOLPHINOFF has significant negative skewness in it's return distribution. This indicates that DOLPHINOFF is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than DOLPHINOFF. Therefore, NIFTY-50 must receive a lower allocation than DOLPHINOFF in your portfolio. NIFTY-50 index usually has shorter drawdown period than DOLPHINOFF.

Based on your interest in DOLPHINOFF you may find it interesting to know that ~MKTCAP201TO250 has shown remarkable performance and deserves to be on every investors' watchlist.

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