ITD CEMENTATION INDIA LTD delivered good returns on Friday. It grew by +2.91% to close at 123.6. It is currently trading -43% below it's 52 week high of 219.1.
ITDCEM is currently in a up trend. The current bullish signal has generated a profit of +2.91% for ITDCEM's investors in the last three months.
ITDCEM has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, ITDCEM underperformed the NIFTY-50 index on 50% days. Which indicates that on days ITDCEM underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
During the last three months ITDCEM was mostly profitable and delivered on average +0.1% per day. It's best return during this period (of +5.94%) was on Wednesday, 19 Dec, 2018. While it's worst loss in the same period (of -5.87%) was on Monday, 22 Oct, 2018. There was initially a bearish trend during this period which started on 30 Nov, 2018 and went on till 6 Dec, 2018. The trend delivered -5.07% losses to investors. This was followed by a bullish trend that started on 14 Jan, 2019 and ended on 18 Jan, 2019. This bullish trend delivered +6.1% to investors.
On monthly basis, ITDCEM delivered losses in more months over the last year, than profits. ITDCEM delivered profits less regularly than NIFTY-50 index. ITDCEM was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -19.6% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ITDCEM had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -31.28%. It is interesting to note that both ITDCEM and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
What we now call 'finance' is, I hold, an intellectual perversion of what began as warm human love.
-- Robert Graves
ITDCEM is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant surge in ITDCEM's volatility from 19 Oct, 2018 to 22 Oct, 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 ITDCEM has significant negative skewness in it's return distribution. This indicates that ITDCEM is very risky for short-term investment and can significantly underperform for long durations.
ITDCEM has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ITDCEM must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than ITDCEM.
On a general note (since you are interested in ITDCEM), three small cap instruments that deserve special mention are VINATIORGA, RESPONIND and ASTRAZEN. They have all outperformed the market and must be closely watched for investment opportunities.
... 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