HARITA SEATING SYS. LTD

517.8 +1.61 (+0.31%) Sell

HARITASEAT shows sign of weakness as investors do cost averaging

13 min read

HARITA SEATING SYS. LTD performed better than the broader market today. It returned +0.31% to close at 517.8. During the last week it returned -0.63% and saw a maximum drawdown of -1.02% before bouncing back.

[Themes containing HARITASEAT]

HARITASEAT is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +10.09% for investors.

Trend

HARITASEAT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 8 Jan, 2018. Over the last 3 years and 1 month, HARITASEAT underperformed the NIFTY-50 index on 53% days.

During the last three months HARITASEAT was mostly loss making and delivered on average -0.17% per day. It's best return during this period (of +6.34%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -3.61%) was on Friday, 7 Dec, 2018. There was initially a bullish trend during this period which started on 5 Nov, 2018 and went on till 7 Nov, 2018. The bullish trend returned +2.41% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -11.26% of investor capital.

On monthly basis, HARITASEAT delivered losses in more months over the last year, than profits. HARITASEAT delivered profits less regularly than NIFTY-50 index. HARITASEAT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jul 2018, returned -24.11% compared to -6.42% returned by NIFTY-50 index in Sep 2018. HARITASEAT had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -44.33%. It is interesting to note that both HARITASEAT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down.
-- Warren Edward Buffett

HARITASEAT 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 HARITASEAT's volatility from 12 Dec, 2018 to 23 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 HARITASEAT has significant negative skewness in it's return distribution. This indicates that HARITASEAT is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in HARITASEAT), BAJFINANCE has performed really well and deserves to be closely tracked for investment opportunities.

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