HAVELLS INDIA LIMITED managed to marginally outperform the broader market today. It gained +0.2% to close at 677.5. It's recent 5 day performance has been -1.07%, +0.34%, -1.08%, +0.07% and 0.0%.
HAVELLS showed a strong up trend over the last 3 months. During this period HAVELLS gained +13.46% and saw a maximum drawdown of -6.12%. There was a long signal during this period which returned +4.91%.
HAVELLS has been underperforming the NIFTY-50 index in recent time, after having outperformed till 14 Dec, 2018. Over the last 3 years and 1 month, HAVELLS outperformed the NIFTY-50 index on 51% days.
HAVELLS was profitable on 57% days in the last three months. During this time, it delivered on average +0.21% per day. It delivered it's best daily return of +3.81%, during this period, on Tuesday, 11 Dec, 2018. There was initially a bearish trend during this period which started on 20 Nov, 2018 and went on till 27 Nov, 2018. The trend delivered -3.74% losses to investors. This was followed by a bullish trend that started on 26 Dec, 2018 and ended on 1 Jan, 2019. This bullish trend delivered +3.97% to investors.
On monthly basis, HAVELLS delivered profits and losses in equal number of months. HAVELLS delivered profits in more months than NIFTY-50 index. HAVELLS significantly outperformed NIFTY-50 index in Jul 2018, when it returned +19.98% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. HAVELLS had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +15.52%. It is interesting to note that both HAVELLS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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HAVELLS 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 HAVELLS's volatility from 19 Oct, 2018 to 17 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 HAVELLS 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.
Investors trading in HAVELLS derivatives at this moment can consider 'Long Straddle' options strategy to receive better risk-adjusted returns.
HAVELLS has more chance of extreme outcomes than the NIFTY-50 index. Therefore, HAVELLS must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than HAVELLS.
On a general note (since you are interested in HAVELLS), three large cap instruments that deserve special mention are TCS, TORNTPHARM and INFY. They have all outperformed the market and must be closely watched for investment opportunities.
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