IGARASHI is a falling knife, continues to bleed every investor trying to catch it

IGARASHI MOTORS INDIA LTD was among the worst performers on Tuesday. It returned -0.95% to close at 567.5. It is currently trading +1061% above it's 52 week low of 48.85 and is down only -17% from it's 52 week high.

[Themes containing IGARASHI]

IGARASHI is currently in a down trend. The previous short signal in IGARASHI has not been profitable for investors in general. If you are short on IGARASHI at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

IGARASHI has been underperforming the NIFTY-50 index in recent time, after having outperformed till 27 Sep, 2018. Over the last 2 years and 12 months, IGARASHI outperformed the NIFTY-50 index on 45% days. Which indicates that on days IGARASHI outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months IGARASHI delivered losses on 64% days. However, it still managed to end this period in a profit. It's best return during this period (of +1221.78%) was on Thursday, 27 Sep, 2018. While it's worst loss in the same period (of -6.85%) was on Friday, 21 Sep, 2018. There was initially a bearish trend during this period which started on 21 Sep, 2018 and went on till 26 Sep, 2018. The trend delivered -9.35% losses to investors. This was followed by a bullish trend that started on 31 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +5.08% to investors.

On monthly basis, IGARASHI delivered losses in more months over the last year, than profits. IGARASHI delivered profits less regularly than NIFTY-50 index. IGARASHI significantly outperformed NIFTY-50 index in Sep 2018, when it returned +1145.83% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. IGARASHI had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -4.28%. It is interesting to note that both IGARASHI and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Frugality includes all the other virtues.
-- Cicero

IGARASHI 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 IGARASHI's volatility from 8 Oct, 2018 to 29 Nov, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that IGARASHI has significant negative skewness in it's return distribution. This indicates that IGARASHI is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in IGARASHI), RESPONIND is a small cap that deserves to be closely tracked for investment opportunities.