GALLANTT ISPAT LTD

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.

Trend

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.

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