3186.45 -0.55 (-0.02%) Sell

Search for alternative investments is on for ICRA investors as it ranked worse than it's peers

13 min read

ICRA LIMITED trailed the broader market today. It delivered -0.02% to close at 3186.45. It's recent 5 day performance has been -0.08%, +0.08%, +0.02%, -0.1% and -0.21%.

[Themes containing ICRA]

ICRA is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +0.94% for investors.


ICRA has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 7 Jan, 2016 to 26 Jul, 2018. Over the last 3 years and 1 month, ICRA underperformed the NIFTY-50 index on 53% days.

ICRA returned losses on 54% days in the last three months. During this time, it delivered on average -0.04% per day. It delivered it's best daily return of +2.1%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 4 profitable days, which started on 7 Nov, 2018 and went on till 13 Nov, 2018. This bullish trend returned +2.32% to investors.

The last 12 months saw ICRA's investors making profits in 3 months and incurring losses in 9 months. ICRA was less consistent in delivering monthly returs than NIFTY-50 index. ICRA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -14.28% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ICRA 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 -15.94%. It is interesting to note that both ICRA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

You must gain control over your money or the lack of it will forever control you.
-- Dave Ramsey

ICRA 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 ICRA's volatility from 30 Oct, 2018 to 18 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 ICRA has significant negative skewness in it's return distribution. This indicates that ICRA is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in ICRA you may find it interesting to know that NIFTY-GS-15YRPLUS, ~MKTCAP201TO250 and BRITANNIA have all shown remarkable performance and qualify to be on every investor's watchlist.

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