INDO THAI SEC LTD was among the worst performers on Friday. It returned -3.88% to close at 33.45. On a day when the overall market breadth was 71%, it closed higher than 86% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
INDOTHAI is currently in a down trend. The current bearish signal has generated a profit of +15.1% for investors in the last three months.
INDOTHAI has been underperforming the NIFTY-50 index in recent time, after having outperformed till 18 Jan, 2018. Over the last 3 years and 1 month, INDOTHAI outperformed the NIFTY-50 index on 44% days. Which indicates that on days INDOTHAI outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
INDOTHAI returned losses on 57% days in the last three months. During this time, it delivered on average -0.23% per day. It delivered it's worst daily return of -7.94%, during this period, on Thursday, 15 Nov, 2018. There was initially a bearish trend during this period which started on 15 Nov, 2018 and went on till 20 Nov, 2018. The trend delivered -11.96% losses to investors. This was followed by a bullish trend that started on 14 Jan, 2019 and ended on 17 Jan, 2019. This bullish trend delivered +2.93% to investors.
On monthly basis, INDOTHAI delivered losses in more months over the last year, than profits. INDOTHAI delivered profits less regularly than NIFTY-50 index. INDOTHAI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -25.0% compared to -6.42% returned by NIFTY-50 index in Sep 2018. INDOTHAI 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 -45.57%. It is interesting to note that both INDOTHAI and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
INDOTHAI 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 INDOTHAI's volatility from 22 Oct, 2018 to 16 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 INDOTHAI has significant negative skewness in it's return distribution. This indicates that INDOTHAI is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than INDOTHAI. Therefore, NIFTY-50 must receive a lower allocation than INDOTHAI in your portfolio. NIFTY-50 index usually has shorter drawdown period than INDOTHAI.
... 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