JINDAL COTEX LTD

5.35 +0.15 (+2.88%) Buy

Want to invest in JINDCOT? Consider as it delivered good returns

13 min read

JINDAL COTEX LTD delivered good returns today. It grew by +2.88% to close at 5.35. It's recent 5 day performance has been -2.8%, +0.94%, -4.5%, -2.63% and +5.56%.

[Themes containing JINDCOT]

JINDCOT showed a strong up trend over the last 3 months. During this period JINDCOT grew by +33.75% and saw a maximum drawdown of -11.63%. There were 3 long signals during this period that returned a cumulative of +9.96% to investors.

Trend

JINDCOT has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, JINDCOT underperformed the NIFTY-50 index on 56% days.

During the last three months JINDCOT delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.3%) was on Wednesday, 2 Jan, 2019. While it's worst loss in the same period (of -4.5%) was on Tuesday, 15 Jan, 2019. There was initially a bullish trend during this period which started on 13 Nov, 2018 and went on till 19 Nov, 2018. The bullish trend returned +9.9% to investors. This was followed by a bearish trend that started on 20 Nov, 2018 and ended on 22 Nov, 2018. This bearish trend lost -7.13% of investor capital.

On monthly basis, JINDCOT delivered losses in more months over the last year, than profits. JINDCOT delivered profits less regularly than NIFTY-50 index. JINDCOT significantly outperformed NIFTY-50 index in Jan 2019, when it returned +28.92% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. JINDCOT had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Feb 2018 to May 2018) during which period it delivered +1.18%. It is interesting to note that both JINDCOT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

You must gain control over your money or the lack of it will forever control you.
-- Dave Ramsey

JINDCOT 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 fall in JINDCOT's volatility from 29 Oct, 2018 to 7 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 JINDCOT has significant negative skewness in it's return distribution. This indicates that JINDCOT is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in JINDCOT), two instruments that deserve special mention are LTI and SPLIL. They have significantly outperformed the overall market this year.

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