GTLINFRA outperformed the broader market today. On a longer term basis, investors in GTL INFRA.LTD made +0.02% per day. Friday's performance of +3.7% was a outperformance compared to it's daily average.
GTLINFRA showed a strong bullish trend over the last 3 months. During this period GTLINFRA increased by +21.74% and saw a maximum drawdown of -38.46%. There was a long signal during this period which returned +21.74%.
GTLINFRA has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 28 Jul, 2017 to 19 Dec, 2018. Over the last 3 years and 1 month, GTLINFRA underperformed the NIFTY-50 index on 56% days.
During the last three months GTLINFRA delivered losses on 69% days. However, it still managed to end this period in a profit. It's best return during this period (of +10.0%) was on Thursday, 10 Jan, 2019. While it's worst loss in the same period (of -10.0%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 16 profitable days, which started on 28 Dec, 2018 and went on till 18 Jan, 2019. This bullish trend returned +57.57% to investors.
The last 12 months saw GTLINFRA's investors making profits in 2 months and incurring losses in 10 months. GTLINFRA was less consistent in delivering monthly returs than NIFTY-50 index. GTLINFRA significantly outperformed NIFTY-50 index in Jan 2019, when it returned +75.0% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GTLINFRA had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -120.23%. It is interesting to note that both GTLINFRA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Well, I think that there's a very thin dividing line between success and failure. And I think if you start a business without financial backing, you're likely to go the wrong side of that dividing line.
GTLINFRA 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 GTLINFRA's volatility from 19 Oct, 2018 to 5 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 GTLINFRA 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.
NIFTY-50 index has more chance of extreme outcomes than GTLINFRA. Therefore, NIFTY-50 must receive a lower allocation than GTLINFRA in your portfolio. NIFTY-50 index usually has shorter drawdown period than GTLINFRA.
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