GANESH HOUSING CORP LTD underperformed broader market today. It delivered -0.52% to close at 66.85. During the last week it delivered 0.0% and saw a maximum drawdown of -0.67% before bouncing back.
GANESHHOUC is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning -3.33%) for GANESHHOUC's investors than trading long signals.
GANESHHOUC has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Jan, 2018 to 29 Nov, 2018. Over the last 3 years and 1 month, GANESHHOUC underperformed the NIFTY-50 index on 56% days.
GANESHHOUC returned losses on 61% days in the last three months. During this time, it delivered on average -0.0% per day. It delivered it's best daily return of +12.06%, during this period, on Thursday, 13 Dec, 2018. The longest stort-term trend during this period was 11 losing days, which started on 9 Nov, 2018 and ended on 26 Nov, 2018. This bearish trend lost -20.08% of investor capital.
The last 12 months saw GANESHHOUC's investors making profits in 3 months and incurring losses in 9 months. GANESHHOUC was less consistent in delivering monthly returs than NIFTY-50 index. GANESHHOUC was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -21.06% compared to -6.42% returned by NIFTY-50 index in Sep 2018. GANESHHOUC had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -55.17%. It is interesting to note that both GANESHHOUC and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Cash combined with courage in a time of crisis is priceless.
GANESHHOUC 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 GANESHHOUC's volatility from 26 Oct, 2018 to 7 Dec, 2018. 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 GANESHHOUC has significant negative skewness in it's return distribution. This indicates that GANESHHOUC is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than GANESHHOUC. Therefore, NIFTY-50 must receive a lower allocation than GANESHHOUC in your portfolio. NIFTY-50 index usually has shorter drawdown period than GANESHHOUC.
Based on your interest in GANESHHOUC you may find it interesting to know that ~CHEMICALS has shown remarkable performance and deserves to be on every investors' watchlist.
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