100.85 -0.6 (-0.59%) Buy

INDIANCARD investors looking to cut their losses short

13 min read

INDIAN CARD CLOTHING CO. showed weakness on Wednesday. It delivered -0.59% to close at 100.85. On a day when the overall market breadth was 70%, it closed higher than 46% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0084%.

[Themes containing INDIANCARD]

INDIANCARD is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning -1.71%) for INDIANCARD's investors than trading long signals.


INDIANCARD has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 6 Jan, 2016 to 19 Dec, 2018. Over the last 3 years and 1 month, INDIANCARD underperformed the NIFTY-50 index on 55% days.

INDIANCARD returned losses on 58% days in the last three months. During this time, it delivered on average -0.01% per day. It delivered it's best daily return of +8.86%, during this period, on Monday, 29 Oct, 2018. The longest stort-term trends during this period were 3 profitable and losing days. The bullish trend (which returned +2.84%) started on 12 Nov, 2018 and went on till 14 Nov, 2018 while the bearish trend (which returned -10.78%) started on 30 Oct, 2018 and went on till 1 Nov, 2018.

The last 12 months saw INDIANCARD's investors making profits in 2 months and incurring losses in 10 months. INDIANCARD was less consistent in delivering monthly returs than NIFTY-50 index. INDIANCARD was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Oct 2018, returned -19.24% compared to -6.42% returned by NIFTY-50 index in Sep 2018. INDIANCARD 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 -34.83%. It is interesting to note that both INDIANCARD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"You don't want to have so much money going toward your mortgage every month that you can't enjoy life or take care of your other financial responsibilities.

INDIANCARD is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in INDIANCARD's volatility from 29 Oct, 2018 to 4 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 INDIANCARD has significant negative skewness in it's return distribution. This indicates that INDIANCARD is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in INDIANCARD you may find it interesting to know that BRITANNIA and HINDUNILVR are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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