40.3 -0.1 (-0.25%) Buy

Search for alternative investments is on for GALLISPAT investors as it underperforms broader market

13 min read

GALLANTT ISPAT LTD showed weakness today. It returned -0.25% to close at 40.3. During the last week it gained +1.9% and saw a maximum drawdown of -0.38% before bouncing back.

[Themes containing GALLISPAT]

GALLISPAT is currently in a up trend. Over the last three months 2 bullish signals in GALLISPAT have generated a profit of +9.38% for investors.


GALLISPAT has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, GALLISPAT underperformed the NIFTY-50 index on 52% days.

GALLISPAT returned losses on 56% days in the last three months. During this time, it delivered on average +0.33% per day. It delivered it's best daily return of +12.29%, during this period, on Wednesday, 16 Jan, 2019. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +16.6% to investors. This was followed by a bearish trend that started on 21 Dec, 2018 and ended on 31 Dec, 2018. This bearish trend lost -6.82% of investor capital.

On monthly basis, GALLISPAT delivered profits and losses in equal number of months. GALLISPAT delivered profits in more months than NIFTY-50 index. GALLISPAT significantly outperformed NIFTY-50 index in Aug 2018, when it returned +55.9% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GALLISPAT had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Jun 2018 to Aug 2018) during which period it delivered +65.22%. It is interesting to note that both GALLISPAT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

I'm only rich because I know when I'm wrong..I basically have survived by recognizing my mistakes.
-- George Soros

GALLISPAT 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 GALLISPAT's volatility from 24 Oct, 2018 to 4 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 GALLISPAT has significant negative skewness in it's return distribution. This indicates that GALLISPAT is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in GALLISPAT), three instruments that are extremely volatile are IGARASHI, TIDEWATER and NIFTY50-DIV-POINT. They must all be evaluated prudently and investors are better off avoiding them at the moment.

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