Don't exit GOLDIAM now, it delivered great returns
18 Jan, 201915 min read
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GOLDIAM INTERNATIONAL LTD delivered stellar performance today. It gained +3.38% to close at 85.75. It's recent 5 day performance has been +4.67%, -1.12%, -0.06%, -0.87% and 0.0%.
GOLDIAM showed a strong up trend over the last 3 months. During this period GOLDIAM gained +17.22% and saw a maximum drawdown of -14.25%. There was a long signal during this period which returned +17.22%.
GOLDIAM has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, GOLDIAM outperformed the NIFTY-50 index on 46% days. Which indicates that on days GOLDIAM outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
GOLDIAM returned losses on 54% days in the last three months. During this time, it delivered on average +0.28% per day. It delivered it's best daily return of +6.08%, during this period, on Tuesday, 27 Nov, 2018. There was initially a bullish trend during this period which started on 21 Nov, 2018 and went on till 28 Nov, 2018. The bullish trend returned +12.05% to investors. This was followed by a bearish trend that started on 20 Dec, 2018 and ended on 26 Dec, 2018. This bearish trend lost -9.61% of investor capital.
GOLDIAM had 6 profitable and 6 loss making months over the last year. GOLDIAM was profitable in more months than NIFTY-50 index. GOLDIAM significantly outperformed NIFTY-50 index in Apr 2018, when it returned +37.93% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GOLDIAM and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both GOLDIAM and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
My formula for success is rise early, work late and strike oil.
-- JP Getty
GOLDIAM 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 GOLDIAM's volatility from 26 Oct, 2018 to 13 Nov, 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 GOLDIAM has significant negative skewness in it's return distribution. This indicates that GOLDIAM is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than GOLDIAM. Therefore, NIFTY-50 must receive a lower allocation than GOLDIAM in your portfolio. NIFTY-50 index usually has shorter drawdown period than GOLDIAM.
On a general note (since you are interested in GOLDIAM), two instruments that have delivered similar performance as GOLDIAM are WELENT and BPL. They are suitable as good alternative investment candidates that can diversify your portfolio.
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