IVRCLINFRA delivered good returns today. On a longer term basis, investors in IVRCL LIMITED made -0.21% per day. Friday's performance of +5.26% was a significant outperformance compared to it's daily average.
Buy-and-Hold investors in IVRCLINFRA experienced a maximum drawdown of -37.93% over the last three months. It returned -31.03% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
IVRCLINFRA 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, IVRCLINFRA underperformed the NIFTY-50 index on 57% days.
During the last three months IVRCLINFRA was mostly loss making and delivered on average -0.53% per day. It's best return during this period (of +5.56%) was on Friday, 30 Nov, 2018. While it's worst loss in the same period (of -5.26%) was on Thursday, 29 Nov, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 12 Nov, 2018. The bullish trend returned +19.29% to investors. This was followed by a bearish trend that started on 16 Nov, 2018 and ended on 29 Nov, 2018. This bearish trend lost -39.64% of investor capital.
On monthly basis, IVRCLINFRA delivered losses in more months over the last year, than profits. IVRCLINFRA delivered profits less regularly than NIFTY-50 index. IVRCLINFRA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -46.15% compared to -6.42% returned by NIFTY-50 index in Sep 2018. IVRCLINFRA had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from May 2018 to Sep 2018) during which period it delivered -99.36%. It is interesting to note that both IVRCLINFRA 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
IVRCLINFRA 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 IVRCLINFRA's volatility from 25 Oct, 2018 to 14 Nov, 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 IVRCLINFRA 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.
NIFTY-50 index has more chance of extreme outcomes than IVRCLINFRA. Therefore, NIFTY-50 must receive a lower allocation than IVRCLINFRA in your portfolio. NIFTY-50 index usually has shorter drawdown period than IVRCLINFRA.
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