300.25 -1.49 (-0.5%) Buy

JKLAKSHMI investors re-evaluating their investment strategy

13 min read

JK LAKSHMI CEMENT LTD ranked worse than it's peers today. It fell by -0.5% to close at 300.25. It's recent 5 day performance has been -1.52%, -0.7%, +3.63%, +3.39% and -2.64%.

[Themes containing JKLAKSHMI]

JKLAKSHMI is currently in a bullish trend. Over the last three months 2 bullish signals in JKLAKSHMI have generated a profit of +5.4% for investors.


JKLAKSHMI has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 5 Oct, 2016 to 28 Nov, 2018. Over the last 3 years and 1 month, JKLAKSHMI underperformed the NIFTY-50 index on 53% days.

During the last three months JKLAKSHMI delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +6.28%) was on Tuesday, 1 Jan, 2019. While it's worst loss in the same period (of -2.99%) was on Wednesday, 9 Jan, 2019. The longest stort-term trend during this period was 7 profitable days, which started on 26 Dec, 2018 and went on till 3 Jan, 2019. This bullish trend returned +11.8% to investors.

During the last year JKLAKSHMI had 6 profitable months and 6 loss making months. JKLAKSHMI returned profits in more months than NIFTY-50 index. JKLAKSHMI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -14.06% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JKLAKSHMI had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered +11.95%.

"I grew up in Finance.

JKLAKSHMI 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 surge in JKLAKSHMI's volatility from 25 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 JKLAKSHMI has significant negative skewness in it's return distribution. This indicates that JKLAKSHMI is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in JKLAKSHMI you may find it interesting to know that BRITANNIA, BAJFINANCE and ~CHEMICALS have all shown remarkable performance and qualify to be on every investor's watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter