JAYBARMARU is a falling knife, continues to bleed every investor trying to catch it
18 Jan, 201913 min read
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JAY BHARAT MARUTI LTD significantly underperformed on Friday. It returned -1.69% to close at 285.05. It is currently trading -51% below it's 52 week high of 585.9.
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JAYBARMARU is currently in a down trend. Over the last three months 3 bearish signals have generated a profit of +4.17% for investors.
JAYBARMARU has been underperforming the NIFTY-50 index in recent time, after having outperformed till 18 Jul, 2017. Over the last 3 years and 1 month, JAYBARMARU outperformed the NIFTY-50 index on 45% days. Which indicates that on days JAYBARMARU outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months JAYBARMARU was mostly loss making and delivered on average -0.08% per day. It's best return during this period (of +9.92%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -4.42%) was on Wednesday, 16 Jan, 2019. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +25.29% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -10.55% of investor capital.
On monthly basis, JAYBARMARU delivered losses in more months over the last year, than profits. JAYBARMARU delivered profits less regularly than NIFTY-50 index. JAYBARMARU was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -18.82% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JAYBARMARU had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -35.77%. It is interesting to note that both JAYBARMARU and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Finance is a gun. Politics is knowing when to pull the trigger.
JAYBARMARU 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 JAYBARMARU's volatility from 5 Nov, 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 JAYBARMARU has significant negative skewness in it's return distribution. This indicates that JAYBARMARU is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than JAYBARMARU. Therefore, NIFTY-50 must receive a lower allocation than JAYBARMARU in your portfolio. NIFTY-50 index usually has shorter drawdown period than JAYBARMARU.
On a general note (since you are interested in JAYBARMARU), LTI is a mid cap that deserves to be closely tracked for investment opportunities.
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