JPOLYINVST delivered lacklustre performance today. On a longer term basis, investors in JIND POL INV & FIN CO LTD made -0.05% per day. Tuesday's performance of -0.98% was a underperformance compared to it's daily average.
Buy-and-Hold investors in JPOLYINVST experienced a maximum drawdown of -15.85% over the last three months. It fell by -8.07% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
JPOLYINVST has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 4 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, JPOLYINVST underperformed the NIFTY-50 index on 54% days.
JPOLYINVST returned losses on 58% 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 +9.03%, during this period, on Tuesday, 6 Nov, 2018. The longest stort-term trend during this period was 4 losing days, which started on 17 Jan, 2019 and ended on 22 Jan, 2019. This bearish trend lost -4.67% of investor capital.
During the last year JPOLYINVST had 4 profitable months and 8 loss making months. JPOLYINVST returned profits in fewer months than NIFTY-50 index. JPOLYINVST was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -19.25% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JPOLYINVST had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -46.2%. It is interesting to note that both JPOLYINVST and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
-- John Bogle
JPOLYINVST 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 JPOLYINVST's volatility from 24 Oct, 2018 to 1 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 JPOLYINVST has significant negative skewness in it's return distribution. This indicates that JPOLYINVST is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than JPOLYINVST. Therefore, NIFTY-50 must receive a lower allocation than JPOLYINVST in your portfolio. NIFTY-50 index usually has shorter drawdown period than JPOLYINVST.
On a general note (since you are interested in JPOLYINVST), if you are evaluating JPOLYINVST as an investment candidate, then you should read about CAMLINFINE which has delivered similar performance and can help diversify your portfolio.
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