224.8 +2.27 (+1.01%) Buy

Joy for EVEREADY investors as it outperforms broader market

13 min read

EVEREADY INDS. IND. LTD. outperformed the broader market today. It increased by +1.01% to close at 224.8. During the last week it increased by +2.98% and saw a maximum drawdown of -2.52% before bouncing back.

[Themes containing EVEREADY]

EVEREADY is currently in a bullish trend. Over the last three months 2 bullish signals in EVEREADY have generated a profit of +4.33% for investors.


EVEREADY has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 7 Dec, 2017 to 9 Jan, 2019. Over the last 3 years and 1 month, EVEREADY underperformed the NIFTY-50 index on 51% days.

During the last three months EVEREADY delivered losses on 62% days. However, it still managed to end this period in a profit. It's best return during this period (of +12.82%) was on Friday, 11 Jan, 2019. While it's worst loss in the same period (of -4.68%) was on Monday, 29 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 9 Jan, 2019 and went on till 15 Jan, 2019. This bullish trend returned +24.25% to investors.

The last 12 months saw EVEREADY's investors making profits in 4 months and incurring losses in 8 months. EVEREADY was less consistent in delivering monthly returs than NIFTY-50 index. EVEREADY was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -22.08% compared to -6.42% returned by NIFTY-50 index in Sep 2018. EVEREADY 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 -57.08%. It is interesting to note that both EVEREADY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.

EVEREADY is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in EVEREADY's volatility from 6 Nov, 2018 to 10 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 EVEREADY has significant negative skewness in it's return distribution. This indicates that EVEREADY is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in EVEREADY you may find it interesting to know that TCS and TORNTPHARM are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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