GANESHA ECOSPHERE LIMITED performed worse than the broader market on Tuesday. It returned -0.71% to close at 287.0. On a day when the overall market breadth was 70%, it closed higher than 62% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
Buy-and-Hold investors in GANECOS experienced a maximum drawdown of -22.1% over the last three months. It returned +1.06% during this up trending period. There were both Long and Short signals during this period, while the long signals were marginally more profitable than the short signals.
GANECOS has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, GANECOS outperformed the NIFTY-50 index on 49% days. Which indicates that on days GANECOS 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 GANECOS delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.0%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -4.23%) was on Monday, 12 Nov, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 31 Oct, 2018. The bullish trend returned +8.69% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 7 Dec, 2018. This bearish trend lost -7.36% of investor capital.
On monthly basis, GANECOS delivered losses in more months over the last year, than profits. GANECOS delivered profits less regularly than NIFTY-50 index. GANECOS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Nov 2018, returned -16.07% compared to -6.42% returned by NIFTY-50 index in Sep 2018. GANECOS had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -10.47%. It is interesting to note that both GANECOS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I'm a great believer in luck, and I find the harder I work the more I have of it.
-- Thomas Jefferson
GANECOS 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 GANECOS's volatility from 23 Oct, 2018 to 22 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 GANECOS has significant negative skewness in it's return distribution. This indicates that GANECOS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than GANECOS. Therefore, NIFTY-50 must receive a lower allocation than GANECOS in your portfolio. NIFTY-50 index usually has shorter drawdown period than GANECOS.
Based on your interest in GANECOS you may find it interesting to know that NIITTECH and VINATIORGA are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.
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