HIMATSINGKA SEIDE LTD outperformed the broader market on Friday. It increased by +0.9% to close at 212.3. 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%.
HIMATSEIDE showed a bearish trend over the last 3 months. During this period HIMATSEIDE fell by -9.72% and saw a maximum drawdown of -19.27%. There was a short signal during this period which returned +9.72%.
HIMATSEIDE has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 10 Feb, 2017 to 20 Dec, 2018. Over the last 3 years and 1 month, HIMATSEIDE underperformed the NIFTY-50 index on 54% days.
During the last three months HIMATSEIDE was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +5.29%) was on Friday, 21 Dec, 2018. While it's worst loss in the same period (of -3.52%) was on Wednesday, 14 Nov, 2018. The longest stort-term trend during this period was 8 losing days, which started on 19 Nov, 2018 and ended on 29 Nov, 2018. This bearish trend lost -11.7% of investor capital.
During the last year HIMATSEIDE had 4 profitable months and 8 loss making months. HIMATSEIDE returned profits in fewer months than NIFTY-50 index. HIMATSEIDE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -23.46% compared to -6.42% returned by NIFTY-50 index in Sep 2018. HIMATSEIDE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered -10.5%. It is interesting to note that both HIMATSEIDE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
The stock market is filled with individuals who know the price of everything, but the value of nothing.
-- Phillip Fisher
HIMATSEIDE 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 HIMATSEIDE's volatility from 23 Oct, 2018 to 19 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 HIMATSEIDE has significant negative skewness in it's return distribution. This indicates that HIMATSEIDE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than HIMATSEIDE. Therefore, NIFTY-50 must receive a lower allocation than HIMATSEIDE in your portfolio. NIFTY-50 index usually has shorter drawdown period than HIMATSEIDE.
Based on your interest in HIMATSEIDE you may find it interesting to know that BRITANNIA is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.
... 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