BHARTI INFRATEL LTD. trailed the broader market on Friday. It fell by -0.86% to close at 278.05. On a day when the overall market breadth was 71%, it closed higher than 48% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
INFRATEL showed a bullish trend over the last 3 months. During this period INFRATEL delivered +5.14% and saw a maximum drawdown of -7.45%. There was a long signal during this period which returned +2.37%.
INFRATEL has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 4 Jan, 2016 to 6 Sep, 2018. Over the last 3 years and 1 month, INFRATEL underperformed the NIFTY-50 index on 51% days.
During the last three months INFRATEL was mostly profitable and delivered on average +0.09% per day. It's best return during this period (of +4.95%) was on Friday, 4 Jan, 2019. While it's worst loss in the same period (of -3.28%) was on Friday, 30 Nov, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 1 Jan, 2019 and went on till 8 Jan, 2019. This bullish trend returned +14.22% to investors.
During the last year INFRATEL had 6 profitable months and 6 loss making months. INFRATEL returned profits in more months than NIFTY-50 index. INFRATEL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -8.35% compared to -6.42% returned by NIFTY-50 index in Sep 2018. INFRATEL had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Feb 2018 to May 2018) during which period it delivered -17.03%. It is interesting to note that both INFRATEL 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
INFRATEL 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 surge in INFRATEL's volatility from 21 Nov, 2018 to 24 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 INFRATEL has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
Investors trading in INFRATEL derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
INFRATEL has more chance of extreme outcomes than the NIFTY-50 index. Therefore, INFRATEL must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than INFRATEL.
Based on your interest in INFRATEL you may find it interesting to know that NIITTECH, RESPONIND and ASTRAZEN are small caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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