749.45 -10.36 (-1.38%) Buy

GODREJPROP investors treading cautiously as performance is muted

13 min read

GODREJPROP delivered lacklustre performance today. On a longer term basis, investors in GODREJ PROPERTIES LTD made +0.13% per day. Friday's performance of -1.38% was a significant underperformance compared to it's daily average.

[Themes containing GODREJPROP]

Buy-and-Hold investors in GODREJPROP experienced a maximum drawdown of -10.37% over the last three months. It returned +41.9% during this strong 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. The net profit from Long signals was +16.63%.


GODREJPROP has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, GODREJPROP outperformed the NIFTY-50 index on 49% days. Which indicates that on days GODREJPROP 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 GODREJPROP was mostly profitable and delivered on average +0.59% per day. It's best return during this period (of +10.8%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -5.08%) was on Wednesday, 28 Nov, 2018. There was initially a bearish trend during this period which started on 4 Dec, 2018 and went on till 11 Dec, 2018. The trend delivered -10.81% losses to investors. This was followed by a bullish trend that started on 1 Jan, 2019 and ended on 9 Jan, 2019. This bullish trend delivered +13.01% to investors.

GODREJPROP had 3 profitable and 9 loss making months over the last year. During the last year, GODREJPROP underperformed NIFTY-50 index on monthly return basis. GODREJPROP significantly outperformed NIFTY-50 index in Jan 2019, when it returned +14.82% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GODREJPROP had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from May 2018 to Oct 2018) during which period it delivered -28.88%. It is interesting to note that both GODREJPROP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Anyone who thinks there's safety in numbers hasn't looked at the stock market pages.
-- Irene Peter

GODREJPROP is becoming more 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 GODREJPROP's volatility from 29 Oct, 2018 to 16 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 GODREJPROP has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

GODREJPROP has more chance of extreme outcomes than the NIFTY-50 index. Therefore, GODREJPROP must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than GODREJPROP.

On a general note (since you are interested in GODREJPROP), NIITTECH has performed really well this year and deserves to be closely tracked for investment opportunities.

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