The party never started for EXIDEIND investors as it ranked among the worst performers

EXIDE INDUSTRIES LTD delivered massive losses on Friday. It returned -1.5% to close at 246.8. On a day when the overall market breadth was 71%, it closed higher than 53% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.

[Themes containing EXIDEIND]

EXIDEIND is currently in a down trend. The previous short signal in EXIDEIND has not been profitable for investors in general. If you are short on EXIDEIND at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

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Monthly Performance

Alpha (outperformance)

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Return distribution

EXIDEIND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 23 Aug, 2018. Over the last 3 years and 1 month, EXIDEIND outperformed the NIFTY-50 index on 51% days.

During the last three months EXIDEIND was mostly loss making and delivered on average -0.02% per day. It's best return during this period (of +4.96%) was on Wednesday, 21 Nov, 2018. While it's worst loss in the same period (of -4.33%) was on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 21 Nov, 2018 and went on till 28 Nov, 2018. The bullish trend returned +8.35% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -6.53% of investor capital.

On monthly basis, EXIDEIND delivered profits in more months over the last year, than losses. EXIDEIND delivered profits in more months than NIFTY-50 index. EXIDEIND significantly outperformed NIFTY-50 index in Jul 2018, when it returned +9.08% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. EXIDEIND had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Mar 2018 to May 2018) during which period it delivered +20.79%. It is interesting to note that both EXIDEIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

The studios don't finance anymore, they get outside funds.
-- Robert Rodriguez

EXIDEIND 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 EXIDEIND's volatility from 19 Oct, 2018 to 11 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 EXIDEIND has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

Investors trading in EXIDEIND derivatives at this moment can consider 'Long Strangle' options strategy to receive better risk-adjusted returns.

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

On a general note (since you are interested in EXIDEIND), two large cap instruments that deserve special mention are TORNTPHARM and BRITANNIA. They have significantly outperformed the overall market.