FIRSTSOURCE SOLU. LTD. significantly underperformed on Friday. It lost -1.89% to close at 49.4. It is currently trading -39% below it's 52 week high of 81.45.
FSL showed a strong down trend over the last 3 months. During this period FSL lost -17.46% and saw a maximum drawdown of -23.4%. There was a short signal during this period which returned +11.19%.
During the last three months FSL was mostly loss making and delivered on average -0.27% per day. It's best return during this period (of +8.89%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -4.64%) was on Monday, 10 Dec, 2018. There was initially a bullish trend during this period which started on 28 Nov, 2018 and went on till 5 Dec, 2018. The bullish trend returned +12.5% to investors. This was followed by a bearish trend that started on 17 Dec, 2018 and ended on 28 Dec, 2018. This bearish trend lost -10.32% of investor capital.
FSL had 7 profitable and 5 loss making months over the last year. FSL was profitable in more months than NIFTY-50 index. FSL significantly outperformed NIFTY-50 index in Feb 2018, when it returned +26.46% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. FSL had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Feb 2018 to May 2018) during which period it delivered +61.2%. It is interesting to note that both FSL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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-- Robert J. Shiller
FSL 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 FSL's volatility from 29 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 FSL has significant negative skewness in it's return distribution. This indicates that FSL is very risky for short-term investment and can significantly underperform for long durations.
FSL has more chance of extreme outcomes than the NIFTY-50 index. Therefore, FSL must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than FSL.
On a general note (since you are interested in FSL), NIFTY-GS-15YRPLUS has performed really well and deserves to be closely tracked for investment opportunities.
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