GE T&D INDIA LIMITED showed weakness on Friday. It delivered -0.54% to close at 319.45. It is currently trading -25% below it's 52 week high of 429.8.
Buy-and-Hold investors in GET&D experienced a maximum drawdown of -9.83% over the last three months. It delivered +33.41% during this strong 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. The net profit from Long signals was +27.3%.
GET&D has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 7 Jan, 2016 to 1 Oct, 2018. Over the last 3 years and 1 month, GET&D underperformed the NIFTY-50 index on 55% days.
During the last three months GET&D was mostly profitable and delivered on average +0.49% per day. It's best return during this period (of +6.27%) was on Wednesday, 26 Dec, 2018. While it's worst loss in the same period (of -3.25%) was on Wednesday, 2 Jan, 2019. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +16.06%) started on 10 Dec, 2018 and went on till 13 Dec, 2018 while the bearish trend (which returned -4.37%) started on 4 Dec, 2018 and went on till 7 Dec, 2018.
The last 12 months saw GET&D's investors making profits in 4 months and incurring losses in 8 months. GET&D was less consistent in delivering monthly returs than NIFTY-50 index. GET&D significantly outperformed NIFTY-50 index in Dec 2018, when it returned +26.5% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GET&D had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -37.14%. It is interesting to note that both GET&D and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Every time you borrow money, you're robbing your future self.
-- Nathan W. Morris
GET&D 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 surge in GET&D's volatility from 1 Nov, 2018 to 28 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 GET&D has significant negative skewness in it's return distribution. This indicates that GET&D is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than GET&D. Therefore, NIFTY-50 must receive a lower allocation than GET&D in your portfolio. NIFTY-50 index usually has shorter drawdown period than GET&D.
Based on your interest in GET&D you may find it interesting to know that NIITTECH, VINATIORGA and IGARASHI are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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