JK LAKSHMI CEMENT LTD

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%.

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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.

Trend

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.

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