100.0 -1.09 (-1.09%) Sell

JKTYRE continues its fall as more investors loose confidence

13 min read

JK TYRE & INDUSTRIES LTD ranked worse than it's peers today. It fell by -1.09% to close at 100.0. It's recent 5 day performance has been -0.39%, +0.79%, +0.8%, -1.09% and -0.69%.

[Themes containing JKTYRE]

JKTYRE is currently in a bearish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +4.66%) for JKTYRE's investors than shorting it.


JKTYRE has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 8 Jun, 2017 to 1 Oct, 2018. Over the last 3 years and 1 month, JKTYRE underperformed the NIFTY-50 index on 53% days.

JKTYRE returned losses on 61% days in the last three months. During this time, it delivered on average +0.1% per day. It delivered it's best daily return of +7.62%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 9 losing days, which started on 15 Nov, 2018 and ended on 28 Nov, 2018. This bearish trend lost -11.3% of investor capital.

During the last year JKTYRE had 4 profitable months and 8 loss making months. JKTYRE returned profits in fewer months than NIFTY-50 index. JKTYRE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -24.49% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JKTYRE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -26.01%. It is interesting to note that both JKTYRE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"There is no one-decision stocks

JKTYRE 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 fall in JKTYRE's volatility from 30 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 JKTYRE has significant negative skewness in it's return distribution. This indicates that JKTYRE is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in JKTYRE you may find it interesting to know that IEX, SRIPIPES and ~HOMEAPPLIANCES are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

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