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%.
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.
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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.
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