HMVL delivered stellar performance today. On a longer term basis, investors in HINDUSTAN MEDIA VENT LTD made 0.0% per day. Tuesday's performance of +3.05% was a significant outperformance compared to it's daily average.
HMVL showed a strong down trend over the last 3 months. During this period HMVL returned -15.83% and saw a maximum drawdown of -18.32%. There were 3 short signals during this period that returned a cumulative of +10.95% to investors.
HMVL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 12 Jan, 2016. Over the last 3 years and 1 month, HMVL underperformed the NIFTY-50 index on 50% days. Which indicates that on days HMVL underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
HMVL returned losses on 58% days in the last three months. During this time, it delivered on average -0.26% per day. It delivered it's worst daily return of -5.85%, during this period, on Thursday, 22 Nov, 2018. There was initially a bullish trend during this period which started on 15 Nov, 2018 and went on till 20 Nov, 2018. The bullish trend returned +5.79% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -5.22% of investor capital.
On monthly basis, HMVL delivered losses in more months over the last year, than profits. HMVL delivered profits less regularly than NIFTY-50 index. HMVL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Oct 2018, returned -14.72% compared to -6.42% returned by NIFTY-50 index in Sep 2018. HMVL had a longer winning streak of losing months than NIFTY-50 index. It went down in 9 straight months (from May 2018 to Jan 2019) during which period it delivered -57.31%. It is interesting to note that both HMVL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Greed is not a financial issue. It's a heart issue.
-- Andy Stanley
HMVL 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 HMVL's volatility from 26 Oct, 2018 to 4 Jan, 2019. 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 HMVL has significant negative skewness in it's return distribution. This indicates that HMVL is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than HMVL. Therefore, NIFTY-50 must receive a lower allocation than HMVL in your portfolio. NIFTY-50 index usually has shorter drawdown period than HMVL.
... 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