GSS INFOTECH LIMITED

114.2 -7.3 (-6.39%) Sell

Looking to invest in GSS? Avoid at the moment as it was among the worst performers

13 min read

GSS INFOTECH LIMITED was among the worst performers today. It fell by -6.39% to close at 114.2. It's recent 5 day performance has been -4.87%, -2.02%, +1.08%, -1.71% and +0.34%.

[Themes containing GSS]

GSS showed a strong bullish trend over the last 3 months. During this period GSS increased by +22.99% and saw a maximum drawdown of -16.67%. There were 2 long signals during this period that returned a cumulative of +11.29% to investors.

Trend

GSS has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 21 Sep, 2017 to 19 Dec, 2018. Over the last 3 years and 1 month, GSS outperformed the NIFTY-50 index on 45% days. Which indicates that on days GSS 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 GSS delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.37%) was on Wednesday, 14 Nov, 2018. While it's worst loss in the same period (of -6.39%) was on Tuesday, 22 Jan, 2019. The longest stort-term trend during this period was 6 profitable days, which started on 6 Nov, 2018 and went on till 14 Nov, 2018. This bullish trend returned +25.82% to investors.

During the last year GSS had 8 profitable months and 4 loss making months. GSS returned profits in more months than NIFTY-50 index. GSS significantly outperformed NIFTY-50 index in Aug 2018, when it returned +44.66% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GSS had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Feb 2018 to May 2018) during which period it delivered +112.56%.

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GSS 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 GSS's volatility from 23 Oct, 2018 to 18 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 GSS has significant negative skewness in it's return distribution. This indicates that GSS is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in GSS), two instruments that deserve special mention are HATSUN and RESPONIND. They have significantly outperformed the overall market this year.

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