ENERGY DEVE. CO.LTD performed better than the broader market on Friday. It lost 0.0% to close at 10.5. On a day when the overall market breadth was 71%, it closed higher than 45% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
ENERGYDEV is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning -5.41%) for ENERGYDEV's investors than trading long signals.
ENERGYDEV has been underperforming the NIFTY-50 index in recent time, after having outperformed till 21 Oct, 2016. Over the last 3 years and 1 month, ENERGYDEV underperformed the NIFTY-50 index on 52% days.
During the last three months ENERGYDEV was mostly loss making and delivered on average -0.05% per day. It's best return during this period (of +4.88%) was on Thursday, 13 Dec, 2018. While it's worst loss in the same period (of -5.86%) was on Tuesday, 23 Oct, 2018. There was initially a bullish trend during this period which started on 13 Dec, 2018 and went on till 20 Dec, 2018. The bullish trend returned +13.03% to investors. This was followed by a bearish trend that started on 2 Jan, 2019 and ended on 7 Jan, 2019. This bearish trend lost -10.85% of investor capital.
ENERGYDEV had 3 profitable and 9 loss making months over the last year. During the last year, ENERGYDEV underperformed NIFTY-50 index on monthly return basis. ENERGYDEV was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -34.46% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ENERGYDEV had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +19.29%. It is interesting to note that both ENERGYDEV and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
My formula for success is rise early, work late and strike oil.
-- JP Getty
ENERGYDEV 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 ENERGYDEV's volatility from 22 Oct, 2018 to 19 Dec, 2018. 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 ENERGYDEV has positive skewness in it's return distribution. This indicates that investors can expect ENERGYDEV to make attempts to recover from drawdowns quickly. Which makes ENERGYDEV a good candidate for momentum based trading on short-term bullish trends or counter-trends.
NIFTY-50 index has more chance of extreme outcomes than ENERGYDEV. Therefore, NIFTY-50 must receive a lower allocation than ENERGYDEV in your portfolio. ENERGYDEV usually has shorter drawdown period than the NIFTY-50 index.
On a general note (since you are interested in ENERGYDEV), MERCK has performed really well this year and deserves to be closely tracked for investment opportunities.
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