JINDAL SAW LIMITED trailed the broader market on Friday. It returned -1.0% to close at 78.8. It is currently trading -54% below it's 52 week high of 173.95.
JINDALSAW is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +2.1% for investors.
JINDALSAW has been underperforming the NIFTY-50 index in recent time, after having outperformed till 15 Jan, 2018. Over the last 3 years and 1 month, JINDALSAW underperformed the NIFTY-50 index on 53% days.
During the last three months JINDALSAW delivered losses on 58% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.07%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -2.77%) was on Tuesday, 20 Nov, 2018. There was initially a bullish trend during this period which started on 24 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +21.47% 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 -8.49% of investor capital.
On monthly basis, JINDALSAW delivered losses in more months over the last year, than profits. JINDALSAW delivered profits less regularly than NIFTY-50 index. JINDALSAW was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -23.25% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JINDALSAW had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -61.77%. It is interesting to note that both JINDALSAW and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Opportunity is missed by most people because it is dressed in overalls and looks like work.
-- Thomas Edison
JINDALSAW 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 JINDALSAW's volatility from 31 Oct, 2018 to 14 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 JINDALSAW has significant negative skewness in it's return distribution. This indicates that JINDALSAW is very risky for short-term investment and can significantly underperform for long durations.
JINDALSAW has more chance of extreme outcomes than the NIFTY-50 index. Therefore, JINDALSAW must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than JINDALSAW.
... 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