HATSUN AGRO PRODUCT LTD. is a falling knife that can bleed you if you catch it on Tuesday. It fell by -0.63% to close at 616.4. It is currently trading +424% above it's 52 week low of 117.5 and is down only -21% from it's 52 week high.
Buy-and-Hold investors in HATSUN experienced a maximum drawdown of -21.32% over the last three months. It fell by -15.35% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +12.76%.
HATSUN has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 25 Feb, 2016 to 31 Aug, 2018. Over the last 2 years and 12 months, HATSUN underperformed the NIFTY-50 index on 49% days. Which indicates that on days HATSUN underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
HATSUN returned losses on 52% days in the last three months. During this time, it delivered on average -0.26% per day. It delivered it's worst daily return of -4.81%, during this period, on Tuesday, 9 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 26 Oct, 2018 and went on till 2 Nov, 2018. This bullish trend returned +8.96% to investors.
During the last year HATSUN had 5 profitable months and 7 loss making months. HATSUN returned profits in fewer months than NIFTY-50 index. HATSUN significantly outperformed NIFTY-50 index in May 2018, when it returned +240.24% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. HATSUN had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -67.54%. It is interesting to note that both HATSUN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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HATSUN 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 HATSUN's volatility from 24 Oct, 2018 to 13 Dec, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that HATSUN has significant negative skewness in it's return distribution. This indicates that HATSUN is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than HATSUN. Therefore, NIFTY-50 must receive a lower allocation than HATSUN in your portfolio. NIFTY-50 index usually has shorter drawdown period than HATSUN.
Based on your interest in HATSUN you may find it interesting to know that ~CHEMICALS, BRITANNIA and ~MKTCAP201TO250 have all shown remarkable performance and qualify to be on every investor's watchlist.
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