INGERSOLL-RAND INDIA LTD

589.15 +5.55 (+0.94%) Buy

INGERRAND continues to mint money for it's investors

13 min read

INGERSOLL-RAND INDIA LTD ranked among the best performers on Friday. It delivered +0.94% to close at 589.15. It is currently trading +31% above it's 52 week low of 446.95 and is down only -13% from it's 52 week high.

[Themes containing INGERRAND]

Buy-and-Hold investors in INGERRAND experienced a maximum drawdown of -7.47% over the last three months. It delivered +16.32% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +8.92%.

Trend

INGERRAND has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 3 May, 2017 to 26 Jul, 2018. Over the last 3 years and 1 month, INGERRAND underperformed the NIFTY-50 index on 55% days.

During the last three months INGERRAND was mostly profitable and delivered on average +0.25% per day. It's best return during this period (of +3.69%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -2.58%) was on Thursday, 3 Jan, 2019. The longest stort-term trend during this period was 7 profitable days, which started on 11 Dec, 2018 and went on till 19 Dec, 2018. This bullish trend returned +6.64% to investors.

During the last year INGERRAND had 5 profitable months and 7 loss making months. Profitable number of months of INGERRAND and NIFTY-50 index were the same. INGERRAND significantly outperformed NIFTY-50 index in May 2018, when it returned +17.11% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. INGERRAND and NIFTY-50 index, both had periods of 2 consecutive profitable months.

Anybody who plays the stock market not as an insider is like a man buying cows in the moonlight.
-- Daniel Drew

INGERRAND 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 INGERRAND's volatility from 22 Oct, 2018 to 18 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 INGERRAND has significant negative skewness in it's return distribution. This indicates that INGERRAND is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in INGERRAND you may find it interesting to know that NIFTY50-DIV-POINT, HATSUN and TIDEWATER are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

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