Don't cash in on GRINDWELL now, it outperformed most of it's peers

GRINDWELL outperformed the broader market today. On a longer term basis, investors in GRINDWELL NORTON LIMITED made +0.11% per day. Friday's performance of +2.07% was a outperformance compared to it's daily average.

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GRINDWELL showed a strong bullish trend over the last 3 months. During this period GRINDWELL increased by +15.15% . There was a long signal during this period which returned +11.48%.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

GRINDWELL has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 22 Sep, 2016 to 5 Jan, 2018. Over the last 3 years and 1 month, GRINDWELL outperformed the NIFTY-50 index on 49% days. Which indicates that on days GRINDWELL 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 GRINDWELL was mostly profitable and delivered on average +0.23% per day. It's best return during this period (of +3.67%) was on Friday, 7 Dec, 2018. While it's worst loss in the same period (of -2.88%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 26 Nov, 2018 and ended on 30 Nov, 2018. This bearish trend lost -1.49% of investor capital.

The last 12 months saw GRINDWELL's investors making profits in 5 months and incurring losses in 7 months. During the last year, GRINDWELL and NIFTY-50 index had the same number of profitable months. GRINDWELL significantly outperformed NIFTY-50 index in Dec 2018, when it returned +14.24% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GRINDWELL had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Feb 2018 to May 2018) during which period it delivered -5.52%. It is interesting to note that both GRINDWELL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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GRINDWELL 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 fall in GRINDWELL's volatility from 19 Oct, 2018 to 21 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 GRINDWELL has significant negative skewness in it's return distribution. This indicates that GRINDWELL is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in GRINDWELL you may find it interesting to know that TCS and BRITANNIA are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.