131.35 -0.3 (-0.23%) Sell

GREENPLY investors treading cautiously as performance is muted

13 min read

GREENPLY INDUSTRIES LTD delivered lacklustre performance on Friday. It lost -0.23% to close at 131.35. On a day when the overall market breadth was 71%, it closed higher than 37% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.13%.

[Themes containing GREENPLY]

GREENPLY is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +26.61% for investors.


GREENPLY has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Jan, 2018. Over the last 2 years 11 months and 13 days, GREENPLY underperformed the NIFTY-50 index on 52% days.

During the last three months GREENPLY was mostly loss making and delivered on average -0.58% per day. It's best return during this period (of +8.65%) was on Wednesday, 10 Oct, 2018. While it's worst loss in the same period (of -6.57%) was on Monday, 22 Oct, 2018. There was initially a bearish trend during this period which started on 18 Sep, 2018 and went on till 1 Oct, 2018. The trend delivered -23.4% losses to investors. This was followed by a bullish trend that started on 23 Oct, 2018 and ended on 31 Oct, 2018. This bullish trend delivered +18.64% to investors.

GREENPLY had a really bad loss making streak over the last year, with no profitable months. During the last year, GREENPLY underperformed NIFTY-50 index on monthly return basis. GREENPLY was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -23.64% compared to -6.42% returned by NIFTY-50 index in Sep 2018. GREENPLY had a longer winning streak of losing months than NIFTY-50 index. It went down in 12 straight months (from Jan 2018 to Dec 2018) during which period it delivered -90.99%. It is interesting to note that both GREENPLY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Finance is not merely about making money. It's about achieving our deep goals and protecting the fruits of our labor. It's about stewardship and, therefore, about achieving the good society.
-- Robert J. Shiller

GREENPLY 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 GREENPLY's volatility from 28 Sep, 2018 to 28 Nov, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that GREENPLY has positive skewness in it's return distribution. This indicates that investors can expect GREENPLY to make attempts to recover from drawdowns quickly. Which makes GREENPLY a good candidate for momentum based trading on short-term bullish trends or counter-trends.

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

On a general note (since you are interested in GREENPLY), three instruments that deserve special mention are MERCK, EXCELINDUS and SPLIL. They have all outperformed the market and must be closely watched for investment opportunities.

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