HINDUJA GLOBAL SOLS. LTD. ranked worse than it's peers today. It delivered -0.44% to close at 641.2. During the last week it delivered -1.26% and saw a maximum drawdown of -1.26%.
Buy-and-Hold investors in HGS experienced a maximum drawdown of -11.68% over the last three months. It delivered -0.53% during this flat trending period. There were both Long and Short signals during this period, where the short signals were marginally more profitable than the long signals.
HGS has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 25 Jul, 2016 to 12 Jan, 2018. Over the last 3 years and 1 month, HGS underperformed the NIFTY-50 index on 56% days.
During the last three months HGS was mostly loss making and delivered on average 0.0% per day. It's best return during this period (of +4.58%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -2.54%) was on Monday, 26 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 14 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -6.3% of investor capital.
The last 12 months saw HGS's investors making profits in 4 months and incurring losses in 8 months. During the last year, HGS and NIFTY-50 index had the same number of profitable months. HGS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -17.18% compared to -6.42% returned by NIFTY-50 index in Sep 2018. HGS had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Sep 2018 to Dec 2018) during which period it delivered -21.52%. It is interesting to note that both HGS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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HGS 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 HGS's volatility from 24 Oct, 2018 to 4 Dec, 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 HGS has significant negative skewness in it's return distribution. This indicates that HGS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than HGS. Therefore, NIFTY-50 must receive a lower allocation than HGS in your portfolio. NIFTY-50 index usually has shorter drawdown period than HGS.
Based on your interest in HGS you may find it interesting to know that SHRIRAMCIT has delivered similar performance as HGS and can be considered as an alternative investment candidate (to HGS).
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