578.95 -9.78 (-1.69%) Sell

Stop-loss on the minds of ENIL investors as it delivered massive losses

13 min read

ENTERTAIN NET. IND. LTD. delivered massive losses today. It lost -1.69% to close at 578.95. During the last week it grew by +2.94% and saw a maximum drawdown of -1.69% before bouncing back.

[Themes containing ENIL]

Buy-and-Hold investors in ENIL experienced a maximum drawdown of -15.17% over the last three months. It lost -7.84% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +2.91%.


ENIL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 30 Sep, 2016. Over the last 3 years and 1 month, ENIL underperformed the NIFTY-50 index on 52% days.

During the last three months ENIL was mostly loss making and delivered on average -0.12% per day. It's best return during this period (of +3.68%) was on Thursday, 20 Dec, 2018. While it's worst loss in the same period (of -3.33%) was on Monday, 14 Jan, 2019. There was initially a bullish trend during this period which started on 15 Nov, 2018 and went on till 20 Nov, 2018. The bullish trend returned +2.97% to investors. This was followed by a bearish trend that started on 4 Jan, 2019 and ended on 14 Jan, 2019. This bearish trend lost -9.55% of investor capital.

ENIL had 6 profitable and 6 loss making months over the last year. ENIL was profitable in more months than NIFTY-50 index. ENIL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -8.85% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ENIL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both ENIL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Believe you can and you're halfway there.
-- Theodore Roosevelt

ENIL 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 ENIL's volatility from 30 Oct, 2018 to 7 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 ENIL has significant negative skewness in it's return distribution. This indicates that ENIL is very risky for short-term investment and can significantly underperform for long durations.

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

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

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter