GAYATRI PROJECTS LTD significantly underperformed on Friday. It delivered -1.63% to close at 177.7. On a day when the overall market breadth was 71%, it closed higher than 76% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in GAYAPROJ experienced a maximum drawdown of -14.5% over the last three months. It delivered +4.65% 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.
GAYAPROJ has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 26 May, 2016 to 3 Jan, 2018. Over the last 3 years and 1 month, GAYAPROJ underperformed the NIFTY-50 index on 55% days.
During the last three months GAYAPROJ delivered losses on 61% days. However, it still managed to end this period in a profit. It's best return during this period (of +12.44%) was on Monday, 17 Dec, 2018. While it's worst loss in the same period (of -3.77%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 6 losing days, which started on 19 Dec, 2018 and ended on 27 Dec, 2018. This bearish trend lost -8.0% of investor capital.
The last 12 months saw GAYAPROJ's investors making profits in 5 months and incurring losses in 7 months. During the last year, GAYAPROJ and NIFTY-50 index had the same number of profitable months. GAYAPROJ significantly outperformed NIFTY-50 index in Jul 2018, when it returned +25.79% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GAYAPROJ had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -28.43%. It is interesting to note that both GAYAPROJ and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Making money from enforcing patents is no more wrong than investing in preferred stock.
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GAYAPROJ 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 GAYAPROJ's volatility from 22 Oct, 2018 to 4 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 GAYAPROJ has significant negative skewness in it's return distribution. This indicates that GAYAPROJ is very risky for short-term investment and can significantly underperform for long durations.
GAYAPROJ has more chance of extreme outcomes than the NIFTY-50 index. Therefore, GAYAPROJ must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than GAYAPROJ.
Based on your interest in GAYAPROJ 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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