23.25 +0.05 (+0.22%) Sell

HEXATRADEX investors hold onto their investments as it marginally outperforms

13 min read

HEXATRADEX is looking better than most other alternatives today. On a longer term basis, investors in HEXA TRADEX LIMITED made +0.03% per day. Friday's performance of +0.22% was a significant outperformance compared to it's daily average.

[Themes containing HEXATRADEX]

Buy-and-Hold investors in HEXATRADEX experienced a maximum drawdown of -23.31% over the last three months. It lost -16.96% during this strong down trending period. There were no long signals during this period, where the short signal generated good profits of +16.96% for investors.


HEXATRADEX has been underperforming the NIFTY-50 index in recent time, after having outperformed till 23 Apr, 2018. Over the last 3 years and 1 month, HEXATRADEX underperformed the NIFTY-50 index on 56% days.

During the last three months HEXATRADEX was mostly loss making and delivered on average -0.26% per day. It's best return during this period (of +5.0%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -4.91%) was on Tuesday, 6 Nov, 2018. There was initially a bullish trend during this period which started on 25 Oct, 2018 and went on till 29 Oct, 2018. The bullish trend returned +6.0% to investors. This was followed by a bearish trend that started on 11 Jan, 2019 and ended on 17 Jan, 2019. This bearish trend lost -6.18% of investor capital.

HEXATRADEX had 1 profitable and 11 loss making months over the last year. During the last year, HEXATRADEX underperformed NIFTY-50 index on monthly return basis. HEXATRADEX significantly outperformed NIFTY-50 index in Aug 2018, when it returned +24.91% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. HEXATRADEX had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Sep 2018 to Jan 2019) during which period it delivered -36.28%.

What we now call 'finance' is, I hold, an intellectual perversion of what began as warm human love.
-- Robert Graves

HEXATRADEX is becoming more 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 HEXATRADEX's volatility from 19 Oct, 2018 to 1 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 20 Dec, 2018.

Advanced/professional short-term investors should note that HEXATRADEX has significant negative skewness in it's return distribution. This indicates that HEXATRADEX is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in HEXATRADEX), three instruments that deserve special mention are BAJFINANCE, BRITANNIA and ~MKTCAP201TO250. They have all outperformed the market and must be closely watched for investment opportunities.

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