JAIPRAKASH POWER VEN. LTD

1.95 0.0 (0.0%) Sell

JPPOWER investors considering profit booking at current levels

13 min read

JPPOWER performed better than the broader market today. On a longer term basis, investors in JAIPRAKASH POWER VEN. LTD made -0.13% per day. Friday's performance of 0.0% was a significant outperformance compared to it's daily average.

[Themes containing JPPOWER]

Buy-and-Hold investors in JPPOWER experienced a maximum drawdown of -19.57% over the last three months. It lost -2.5% during this down trending period. There were both Long and Short signals during this period, while the long signals were marginally more profitable than the short signals.

Trend

JPPOWER has been underperforming the NIFTY-50 index in recent time, after having outperformed till 6 Jan, 2016. Over the last 3 years and 1 month, JPPOWER underperformed the NIFTY-50 index on 57% days.

During the last three months JPPOWER was mostly loss making and delivered on average -0.0% per day. It's best return during this period (of +5.0%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -5.0%) was on Thursday, 15 Nov, 2018. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 26 Oct, 2018. The trend delivered -13.17% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 9 Nov, 2018. This bullish trend delivered +27.84% to investors.

JPPOWER had 3 profitable and 9 loss making months over the last year. During the last year, JPPOWER underperformed NIFTY-50 index on monthly return basis. JPPOWER significantly outperformed NIFTY-50 index in Aug 2018, when it returned +64.15% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. JPPOWER had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Feb 2018 to Jul 2018) during which period it delivered -88.54%.

If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
-- John Bogle

JPPOWER is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in JPPOWER'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 JPPOWER has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

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

On a general note (since you are interested in JPPOWER), VINATIORGA is a small cap that deserves to be closely tracked for investment opportunities.

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