JINDAL POLY FILMS LIMITED

244.9 -0.05 (-0.02%) Buy

JINDALPOLY investors check their stop-losses as it underperforms

14 min read

JINDAL POLY FILMS LIMITED underperformed broader market on Friday. It lost -0.02% to close at 244.9. It is currently trading -40% below it's 52 week high of 413.9.

[Themes containing JINDALPOLY]

JINDALPOLY is currently in a up trend. The previous long signal in JINDALPOLY has not been profitable for investors in general. If you are invested in JINDALPOLY at current levels please make sure that your allocation is limited and that your portfolio is well diversified.

Trend

JINDALPOLY has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, JINDALPOLY underperformed the NIFTY-50 index on 57% days.

JINDALPOLY returned losses on 58% days in the last three months. During this time, it delivered on average -0.1% per day. It delivered it's worst daily return of -7.6%, during this period, on Tuesday, 13 Nov, 2018. There was initially a bullish trend during this period which started on 31 Oct, 2018 and went on till 7 Nov, 2018. The bullish trend returned +12.63% to investors. This was followed by a bearish trend that started on 9 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -23.09% of investor capital.

JINDALPOLY had 4 profitable and 8 loss making months over the last year. During the last year, JINDALPOLY underperformed NIFTY-50 index on monthly return basis. JINDALPOLY significantly outperformed NIFTY-50 index in Jul 2018, when it returned +19.86% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. JINDALPOLY had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Mar 2018 to Jun 2018) during which period it delivered -49.0%. It is interesting to note that both JINDALPOLY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"As in roulette, same is true of the stock trader, who will find that the expense of trading weights the dice heavily against him.

JINDALPOLY 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 JINDALPOLY's volatility from 26 Oct, 2018 to 16 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 JINDALPOLY has significant negative skewness in it's return distribution. This indicates that JINDALPOLY is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in JINDALPOLY), two instruments that have delivered similar performance as JINDALPOLY are SOBHA and PTC. They are suitable as good alternative investment candidates that can diversify your portfolio.

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