GALLANTT METAL LIMITED underperformed broader market on Friday. It fell by -1.26% to close at 54.7. On a day when the overall market breadth was 71%, it closed higher than 79% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in GALLANTT experienced a maximum drawdown of -14.25% over the last three months. It delivered +7.15% during this bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +2.92%.
GALLANTT has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 6 Feb, 2018 to 13 Nov, 2018. Over the last 3 years and 1 month, GALLANTT outperformed the NIFTY-50 index on 48% days. Which indicates that on days GALLANTT outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months GALLANTT was mostly profitable and delivered on average +0.14% per day. It's best return during this period (of +8.47%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -5.19%) was on Monday, 24 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 22 Nov, 2018 and ended on 29 Nov, 2018. This bearish trend lost -9.57% of investor capital.
During the last year GALLANTT had 5 profitable months and 7 loss making months. Profitable number of months of GALLANTT and NIFTY-50 index were the same. GALLANTT significantly outperformed NIFTY-50 index in Aug 2018, when it returned +27.66% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GALLANTT had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +17.71%.
"There can be no rise in the value of labour without a fall of profits.
GALLANTT is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in GALLANTT's volatility from 23 Oct, 2018 to 18 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 GALLANTT 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.
NIFTY-50 index has more chance of extreme outcomes than GALLANTT. Therefore, NIFTY-50 must receive a lower allocation than GALLANTT in your portfolio. NIFTY-50 index usually has shorter drawdown period than GALLANTT.
Based on your interest in GALLANTT you may find it interesting to know that CUB has shown remarkable performance this year and deserves to be on every investors' watchlist.
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