IND SWIFT LABORATORIES LT ranked better than it's peers on Tuesday. It delivered +0.11% to close at 45.05. On a day when the overall market breadth was 70%, it closed higher than 54% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
INDSWFTLAB is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +17.96% for investors.
INDSWFTLAB has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 18 Oct, 2017 to 20 Jun, 2018. Over the last 3 years and 1 month, INDSWFTLAB underperformed the NIFTY-50 index on 57% days.
During the last three months INDSWFTLAB was mostly loss making and delivered on average -0.4% per day. It's best return during this period (of +4.95%) was on Thursday, 22 Nov, 2018. While it's worst loss in the same period (of -4.57%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 7 losing days, which started on 13 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -13.43% of investor capital.
During the last year INDSWFTLAB had 6 profitable months and 6 loss making months. Profitable number of months of INDSWFTLAB and NIFTY-50 index were the same. INDSWFTLAB was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -32.41% compared to -6.42% returned by NIFTY-50 index in Sep 2018. INDSWFTLAB had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Apr 2018 to Jul 2018) during which period it delivered +43.9%. It is interesting to note that both INDSWFTLAB and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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INDSWFTLAB is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in INDSWFTLAB's volatility from 10 Dec, 2018 to 9 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 INDSWFTLAB has significant negative skewness in it's return distribution. This indicates that INDSWFTLAB is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than INDSWFTLAB. Therefore, NIFTY-50 must receive a lower allocation than INDSWFTLAB in your portfolio. NIFTY-50 index usually has shorter drawdown period than INDSWFTLAB.
On a general note (since you are interested in INDSWFTLAB), if you are evaluating INDSWFTLAB as an investment candidate, then you should read about SANGAMIND which has delivered similar performance and can help diversify your portfolio.
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