INDIA GLYCOLS LTD showed weakness on Tuesday. It lost -0.19% to close at 308.5. It is currently trading -49% below it's 52 week high of 608.15.
Buy-and-Hold investors in INDIAGLYCO experienced a maximum drawdown of -25.58% over the last three months. It lost -18.69% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +11.0%.
INDIAGLYCO has been underperforming the NIFTY-50 index in recent time, after having outperformed till 24 Apr, 2018. Over the last 3 years and 1 month, INDIAGLYCO outperformed the NIFTY-50 index on 47% days. Which indicates that on days INDIAGLYCO 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 INDIAGLYCO was mostly loss making and delivered on average -0.29% per day. It's best return during this period (of +9.83%) was on Tuesday, 4 Dec, 2018. While it's worst loss in the same period (of -5.34%) was on Thursday, 6 Dec, 2018. There was initially a bearish trend during this period which started on 20 Nov, 2018 and went on till 3 Dec, 2018. The trend delivered -19.57% losses to investors. This was followed by a bullish trend that started on 14 Dec, 2018 and ended on 19 Dec, 2018. This bullish trend delivered +8.49% to investors.
INDIAGLYCO had 4 profitable and 8 loss making months over the last year. During the last year, INDIAGLYCO underperformed NIFTY-50 index on monthly return basis. INDIAGLYCO significantly outperformed NIFTY-50 index in Apr 2018, when it returned +28.67% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. INDIAGLYCO and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both INDIAGLYCO and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens
INDIAGLYCO is becoming less 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 INDIAGLYCO's volatility from 24 Oct, 2018 to 21 Nov, 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 INDIAGLYCO has significant negative skewness in it's return distribution. This indicates that INDIAGLYCO is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than INDIAGLYCO. Therefore, NIFTY-50 must receive a lower allocation than INDIAGLYCO in your portfolio. NIFTY-50 index usually has shorter drawdown period than INDIAGLYCO.
Based on your interest in INDIAGLYCO you may find it interesting to know that BAJFINANCE has shown remarkable performance and deserves to be on every investors' watchlist.
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