ESSEL PROPACK LTD delivered stellar performance on Friday. It gained +3.17% to close at 113.8. It is currently trading -22% below it's 52 week high of 147.78.
ESSELPACK showed a strong up trend over the last 3 months. During this period ESSELPACK gained +23.7% and saw a maximum drawdown of -7.34%. There was a long signal during this period which returned +28.44%.
ESSELPACK has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, ESSELPACK outperformed the NIFTY-50 index on 47% days. Which indicates that on days ESSELPACK outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
ESSELPACK was profitable on 50% days in the last three months. During this time, it delivered on average +0.36% per day. It delivered it's best daily return of +6.38%, during this period, on Monday, 3 Dec, 2018. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 25 Oct, 2018. The trend delivered -7.36% losses to investors. This was followed by a bullish trend that started on 28 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +10.27% to investors.
On monthly basis, ESSELPACK delivered losses in more months over the last year, than profits. ESSELPACK delivered profits less regularly than NIFTY-50 index. ESSELPACK significantly outperformed NIFTY-50 index in Dec 2018, when it returned +23.81% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ESSELPACK had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered +28.46%. It is interesting to note that both ESSELPACK and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If you would be wealthy, think of saving as well as getting.
-- Benjamin Franklin
ESSELPACK 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 surge in ESSELPACK's volatility from 19 Oct, 2018 to 17 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 ESSELPACK has significant negative skewness in it's return distribution. This indicates that ESSELPACK is very risky for short-term investment and can significantly underperform for long durations.
ESSELPACK has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ESSELPACK must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than ESSELPACK.
On a general note (since you are interested in ESSELPACK), NIFTY-GS-15YRPLUS has performed really well and deserves to be closely tracked for investment opportunities.
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