IFB INDUSTRIES LTD was among the worst performers on Friday. It lost -2.82% to close at 892.95. It is currently trading -39% below it's 52 week high of 1484.65.
IFBIND is currently in a up trend. The previous long signal in IFBIND has not been profitable for investors in general. If you are invested in IFBIND at current levels please make sure that your allocation is limited and that your portfolio is well diversified.
IFBIND has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, IFBIND outperformed the NIFTY-50 index on 45% days. Which indicates that on days IFBIND outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
IFBIND returned losses on 56% days in the last three months. During this time, it delivered on average -0.08% per day. It delivered it's best daily return of +11.69%, during this period, on Tuesday, 15 Jan, 2019. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 25 Oct, 2018. The trend delivered -7.84% losses to investors. This was followed by a bullish trend that started on 31 Oct, 2018 and ended on 2 Nov, 2018. This bullish trend delivered +2.03% to investors.
IFBIND had 5 profitable and 7 loss making months over the last year. During the last year, number of profitable months of IFBIND and NIFTY-50 index were the same. IFBIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -20.42% compared to -6.42% returned by NIFTY-50 index in Sep 2018. IFBIND 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 -27.12%.
An investment in knowledge pays the best interest.
-- Benjamin Franklin
IFBIND 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 IFBIND's volatility from 19 Oct, 2018 to 11 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 IFBIND has significant negative skewness in it's return distribution. This indicates that IFBIND is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than IFBIND. Therefore, NIFTY-50 must receive a lower allocation than IFBIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than IFBIND.
On a general note (since you are interested in IFBIND), if you are an investor in ~HOMEAPPLIANCES, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
... 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