536.7 +2.26 (+0.42%) Sell

HERITGFOOD shows sign of weakness as investors do cost averaging

13 min read

HERITAGE FOODS LTD ranked better than it's peers on Friday. It delivered +0.42% to close at 536.7. 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%.

[Themes containing HERITGFOOD]

Buy-and-Hold investors in HERITGFOOD experienced a maximum drawdown of -11.98% over the last three months. It delivered +9.79% during this bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.


HERITGFOOD has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 19 Jul, 2016 to 21 Dec, 2017. Over the last 3 years and 1 month, HERITGFOOD outperformed the NIFTY-50 index on 47% days. Which indicates that on days HERITGFOOD 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 HERITGFOOD was mostly profitable and delivered on average +0.19% per day. It's best return during this period (of +9.72%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -5.58%) was on Monday, 22 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 30 Nov, 2018 and ended on 6 Dec, 2018. This bearish trend lost -6.47% of investor capital.

The last 12 months saw HERITGFOOD's investors making profits in 8 months and incurring losses in 4 months. During the last year, HERITGFOOD delivered profits in more months than NIFTY-50 index. HERITGFOOD was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -17.64% compared to -6.42% returned by NIFTY-50 index in Sep 2018. HERITGFOOD had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Mar 2018 to May 2018) during which period it delivered +4.68%. It is interesting to note that both HERITGFOOD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.

HERITGFOOD 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 HERITGFOOD's volatility from 19 Oct, 2018 to 30 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 HERITGFOOD has significant negative skewness in it's return distribution. This indicates that HERITGFOOD is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in HERITGFOOD you may find it interesting to know that LTI and CUB are both mid caps that have shown remarkable performance and deserve to be on every investors' watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter