INOX WIND LIMITED delivered good returns today. It grew by +2.11% to close at 75.05. It's recent 5 day performance has been -0.2%, -1.21%, +1.15%, -1.27% and -0.47%.
INOXWIND showed a strong down trend over the last 3 months. During this period INOXWIND returned -15.39% and saw a maximum drawdown of -20.84%. There were 2 short signals during this period that returned a cumulative of +11.47% to investors.
INOXWIND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 6 Jan, 2016. Over the last 3 years and 1 month, INOXWIND underperformed the NIFTY-50 index on 56% days.
During the last three months INOXWIND was mostly loss making and delivered on average -0.24% per day. It's best return during this period (of +6.26%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -5.19%) was on Friday, 7 Dec, 2018. There was initially a bullish trend during this period which started on 31 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +12.12% to investors. This was followed by a bearish trend that started on 5 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -11.36% of investor capital.
On monthly basis, INOXWIND delivered losses in more months over the last year, than profits. INOXWIND delivered profits less regularly than NIFTY-50 index. INOXWIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -14.19% compared to -6.42% returned by NIFTY-50 index in Sep 2018. INOXWIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -45.3%. It is interesting to note that both INOXWIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.
-- Warren Buffett
INOXWIND 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 INOXWIND's volatility from 19 Oct, 2018 to 14 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 INOXWIND has significant negative skewness in it's return distribution. This indicates that INOXWIND is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than INOXWIND. Therefore, NIFTY-50 must receive a lower allocation than INOXWIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than INOXWIND.
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