IL&FS TRANS NET LTD was among the worst performers today. It returned -4.63% to close at 10.3. It's recent 5 day performance has been +2.37%, -3.21%, +0.93%, -3.57% and -3.03%.
IL&FSTRANS showed a strong down trend over the last 3 months. During this period IL&FSTRANS returned -47.31% and saw a maximum drawdown of -48.5%. There was a short signal during this period which returned +47.31%.
IL&FSTRANS has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Jan, 2017. IL&FSTRANS 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, IL&FSTRANS underperformed the NIFTY-50 index on 58% days.
During the last three months IL&FSTRANS was mostly loss making and delivered on average -0.95% per day. It's best return during this period (of +5.0%) was on Wednesday, 26 Dec, 2018. While it's worst loss in the same period (of -4.93%) was on Wednesday, 5 Dec, 2018. There was initially a bearish trend during this period which started on 28 Nov, 2018 and went on till 11 Dec, 2018. The trend delivered -47.71% losses to investors. This was followed by a bullish trend that started on 17 Dec, 2018 and ended on 27 Dec, 2018. This bullish trend delivered +36.31% to investors.
On monthly basis, IL&FSTRANS delivered losses in more months over the last year, than profits. IL&FSTRANS delivered profits less regularly than NIFTY-50 index. IL&FSTRANS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -28.07% compared to -6.42% returned by NIFTY-50 index in Sep 2018. IL&FSTRANS had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Aug 2018 to Jan 2019) during which period it delivered -137.11%. It is interesting to note that both IL&FSTRANS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.
IL&FSTRANS 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 IL&FSTRANS's volatility from 23 Oct, 2018 to 11 Dec, 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 IL&FSTRANS has significant negative skewness in it's return distribution. This indicates that IL&FSTRANS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than IL&FSTRANS. Therefore, NIFTY-50 must receive a lower allocation than IL&FSTRANS in your portfolio. NIFTY-50 index usually has shorter drawdown period than IL&FSTRANS.
... 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