HINDUJA VENTURES LIMITED

393.2 -5.23 (-1.33%) Sell

HINDUJAVEN continues its fall as more investors loose confidence

13 min read

HINDUJAVEN trailed the broader market today. On a longer term basis, investors in HINDUJA VENTURES LIMITED made +0.07% per day. Friday's performance of -1.33% was a significant underperformance compared to it's daily average.

[Themes containing HINDUJAVEN]

Buy-and-Hold investors in HINDUJAVEN experienced a maximum drawdown of -17.86% over the last three months. It returned -17.86% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +16.99%.

Trend

HINDUJAVEN has been underperforming the NIFTY-50 index in recent time, after having outperformed till 27 Feb, 2018. HINDUJAVEN is currently at it's worst performance to the NIFTY-50 index and therefore does not make a good investment candidate. Over the last 3 years and 1 month, HINDUJAVEN underperformed the NIFTY-50 index on 53% days.

During the last three months HINDUJAVEN was mostly loss making and delivered on average -0.3% per day. It's best return during this period (of +3.47%) was on Thursday, 13 Dec, 2018. While it's worst loss in the same period (of -5.95%) was on Thursday, 3 Jan, 2019. There was initially a bullish trend during this period which started on 5 Nov, 2018 and went on till 9 Nov, 2018. The bullish trend returned +2.43% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -6.54% of investor capital.

On monthly basis, HINDUJAVEN delivered losses in more months over the last year, than profits. HINDUJAVEN delivered profits less regularly than NIFTY-50 index. HINDUJAVEN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -23.03% compared to -6.42% returned by NIFTY-50 index in Sep 2018. HINDUJAVEN 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 -45.31%. It is interesting to note that both HINDUJAVEN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"Infinite growth of material consumption in a finite world is an impossibility.

HINDUJAVEN 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 HINDUJAVEN's volatility from 24 Oct, 2018 to 26 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 HINDUJAVEN has significant negative skewness in it's return distribution. This indicates that HINDUJAVEN is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in HINDUJAVEN), two instruments that have been extremely volatile in recent times are IEX and ~HOMEAPPLIANCES. Investors in these instruments should consider reducing their exposure (to IEX and ~HOMEAPPLIANCES) and diversifying their portfolios.

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