1152.25 -4.73 (-0.41%) Sell

Looking to invest in ENDURANCE? Look for alternatives because it showed weakness

13 min read

ENDURANCE TECHNO. LTD. showed weakness on Tuesday. It fell by -0.41% to close at 1152.25. It is currently trading -25% below it's 52 week high of 1548.1.

[Themes containing ENDURANCE]

ENDURANCE showed a bullish trend over the last 3 months. During this period ENDURANCE delivered +6.63% and saw a maximum drawdown of -17.21%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in ENDURANCE till volatility reduces and a clear trend emerges.


ENDURANCE has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 21 Nov, 2016 to 23 Aug, 2018. Over the last 2 years 3 months and 3 days, ENDURANCE outperformed the NIFTY-50 index on 48% days. Which indicates that on days ENDURANCE 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 ENDURANCE delivered losses on 56% days. However, it still managed to end this period in a profit. It's best return during this period (of +6.01%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -4.05%) was on Friday, 16 Nov, 2018. The longest stort-term trend during this period was 7 losing days, which started on 12 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -15.92% of investor capital.

During the last year ENDURANCE had 6 profitable months and 6 loss making months. ENDURANCE returned profits in more months than NIFTY-50 index. ENDURANCE significantly outperformed NIFTY-50 index in Feb 2018, when it returned +15.46% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ENDURANCE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -30.92%.

"I finally know what distinguishes man from the other beasts: financial worries.

ENDURANCE 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 ENDURANCE's volatility from 30 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 ENDURANCE has significant negative skewness in it's return distribution. This indicates that ENDURANCE is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in ENDURANCE), two small cap instruments that deserve special mention are NIITTECH and RESPONIND. They have significantly outperformed the overall market.

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