GULF OIL LUB. IND. LTD. performed worse than the broader market on Friday. It fell by -0.61% to close at 889.35. On a day when the overall market breadth was 71%, it closed higher than 79% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
GULFOILLUB showed a strong bullish trend over the last 3 months. During this period GULFOILLUB increased by +25.34% and saw a maximum drawdown of -6.48%. There were 2 long signals during this period that returned a cumulative of +10.8% to investors.
GULFOILLUB has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 22 Mar, 2016 to 9 Feb, 2018. Over the last 3 years and 1 month, GULFOILLUB outperformed the NIFTY-50 index on 50% days. Which indicates that on days GULFOILLUB 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 GULFOILLUB was mostly profitable and delivered on average +0.38% per day. It's best return during this period (of +5.5%) was on Tuesday, 6 Nov, 2018. While it's worst loss in the same period (of -3.66%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 30 Oct, 2018 and went on till 6 Nov, 2018. This bullish trend returned +10.94% to investors.
During the last year GULFOILLUB had 6 profitable months and 6 loss making months. GULFOILLUB returned profits in more months than NIFTY-50 index. GULFOILLUB significantly outperformed NIFTY-50 index in Dec 2018, when it returned +11.36% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. GULFOILLUB had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered +23.45%. It is interesting to note that both GULFOILLUB and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
We make a living by what we get, but we make a life by what we give.
-- Winston Churchill
GULFOILLUB 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 GULFOILLUB's volatility from 4 Dec, 2018 to 16 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 GULFOILLUB 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 GULFOILLUB. Therefore, NIFTY-50 must receive a lower allocation than GULFOILLUB in your portfolio. NIFTY-50 index usually has shorter drawdown period than GULFOILLUB.
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