Search for alternative investments is on for ENGINERSIN investors as it underperforms broader market

ENGINEERS INDIA LTD delivered lacklustre performance on Friday. It returned -1.18% to close at 116.95. It is currently trading -37% below it's 52 week high of 188.2.

[Themes containing ENGINERSIN]

ENGINERSIN is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning +1.48%) for ENGINERSIN's investors than trading long signals.

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Monthly Performance

Alpha (outperformance)

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Return distribution

ENGINERSIN has been underperforming the NIFTY-50 index in recent time, after having outperformed till 22 Dec, 2017. Over the last 3 years and 1 month, ENGINERSIN underperformed the NIFTY-50 index on 53% days.

During the last three months ENGINERSIN delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +5.08%) was on Wednesday, 19 Dec, 2018. While it's worst loss in the same period (of -4.38%) was on Monday, 22 Oct, 2018. There was initially a bearish trend during this period which started on 5 Dec, 2018 and went on till 10 Dec, 2018. The trend delivered -5.75% losses to investors. This was followed by a bullish trend that started on 11 Dec, 2018 and ended on 17 Dec, 2018. This bullish trend delivered +6.99% to investors.

On monthly basis, ENGINERSIN delivered losses in more months over the last year, than profits. ENGINERSIN delivered profits less regularly than NIFTY-50 index. ENGINERSIN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -17.38% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ENGINERSIN had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -34.11%. It is interesting to note that both ENGINERSIN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

If you do chose to invest in a share, invest for the lifetime.
-- Sandeep Sahajpal

ENGINERSIN is becoming more 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 ENGINERSIN's volatility from 22 Oct, 2018 to 9 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 ENGINERSIN has positive skewness in it's return distribution. This indicates that investors can expect ENGINERSIN to make attempts to recover from drawdowns quickly. Which makes ENGINERSIN a good candidate for momentum based trading on short-term bullish trends or counter-trends.

Investors trading in ENGINERSIN derivatives at this moment can consider 'Protective Collar' options strategy to receive better risk-adjusted returns.

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

On a general note (since you are interested in ENGINERSIN), three small cap instruments that deserve special mention are IGARASHI, VINATIORGA and NIITTECH. They have all outperformed the market and must be closely watched for investment opportunities.