GEECEE investors considering profit booking at current levels
18 Jan, 201913 min read
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GEECEE performed better than the broader market today. On a longer term basis, investors in GEECEE VENTURES LIMITED made +0.19% per day. Friday's performance of +0.45% was a significant outperformance compared to it's daily average.
Buy-and-Hold investors in GEECEE experienced a maximum drawdown of -9.7% over the last three months. It returned +7.16% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
GEECEE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jul, 2016. Over the last 3 years and 1 month, GEECEE underperformed the NIFTY-50 index on 56% days.
During the last three months GEECEE was mostly profitable and delivered on average +0.13% per day. It's best return during this period (of +5.52%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -3.02%) was on Wednesday, 5 Dec, 2018. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 25 Oct, 2018. The trend delivered -7.17% losses to investors. This was followed by a bullish trend that started on 31 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +14.65% to investors.
On monthly basis, GEECEE delivered losses in more months over the last year, than profits. GEECEE delivered profits less regularly than NIFTY-50 index. GEECEE significantly outperformed NIFTY-50 index in Nov 2018, when it returned +22.66% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GEECEE and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both GEECEE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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GEECEE 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 GEECEE's volatility from 19 Oct, 2018 to 18 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 GEECEE has significant negative skewness in it's return distribution. This indicates that GEECEE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than GEECEE. Therefore, NIFTY-50 must receive a lower allocation than GEECEE in your portfolio. NIFTY-50 index usually has shorter drawdown period than GEECEE.
On a general note (since you are interested in GEECEE), two large cap instruments that deserve special mention are TORNTPHARM and BRITANNIA. They have significantly outperformed the overall market.
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