Joy for JAYAGROGN investors as it manages to marginally outperform broader market

JAYANT AGRO ORGANICS LTD outperformed today. It surged by +0.88% to close at 212.2. It's recent 5 day performance has been -4.39%, -0.07%, +0.43%, -0.48% and +0.09%.

[Themes containing JAYAGROGN]

JAYAGROGN is currently in a bearish trend. Over the last three months trading short signals has not been a profitable strategy for JAYAGROGN's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -3.06%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to JAYAGROGN.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

JAYAGROGN has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 23 Mar, 2016 to 1 Aug, 2017. Over the last 3 years and 1 month, JAYAGROGN outperformed the NIFTY-50 index on 45% days. Which indicates that on days JAYAGROGN outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

JAYAGROGN returned losses on 62% days in the last three months. During this time, it delivered on average -0.01% per day. It delivered it's best daily return of +13.74%, during this period, on Monday, 5 Nov, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 5 Nov, 2018 and went on till 14 Nov, 2018. This bullish trend returned +26.08% to investors.

The last 12 months saw JAYAGROGN's investors making profits in 4 months and incurring losses in 8 months. JAYAGROGN was less consistent in delivering monthly returs than NIFTY-50 index. JAYAGROGN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -25.32% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JAYAGROGN and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both JAYAGROGN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

The hardest thing to understand in the world is the income tax.
-- Albert Einstein

JAYAGROGN 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 JAYAGROGN's volatility from 22 Oct, 2018 to 15 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 JAYAGROGN has significant negative skewness in it's return distribution. This indicates that JAYAGROGN is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in JAYAGROGN you may find it interesting to know that KEI, PANAMAPET and COSMOFILMS have all performed similar to JAYAGROGN and qualify as alternative investment candidates that must be evaluated for diversification.