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.
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.
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