85.9 -0.2 (-0.23%) Sell

Search for alternative investments is on for JSLHISAR investors as it ranked worse than it's peers

13 min read

JINDAL STAINLESS (H) LTD ranked worse than it's peers today. It lost -0.23% to close at 85.9. During the last week it returned +4.06% and saw a maximum drawdown of -1.49% before bouncing back.

[Themes containing JSLHISAR]

Buy-and-Hold investors in JSLHISAR experienced a maximum drawdown of -20.54% over the last three months. It lost -13.23% during this strong down trending period. There were no long signals during this period, where the short signal generated good profits of +13.23% for investors.


JSLHISAR has been underperforming the NIFTY-50 index in recent time, after having outperformed till 10 Jan, 2018. Over the last 2 years 11 months and 7 days, JSLHISAR outperformed the NIFTY-50 index on 45% days. Which indicates that on days JSLHISAR outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months JSLHISAR was mostly loss making and delivered on average -0.2% per day. It's best return during this period (of +8.41%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -5.46%) was on Monday, 10 Dec, 2018. There was initially a bearish trend during this period which started on 28 Nov, 2018 and went on till 3 Dec, 2018. The trend delivered -4.61% losses to investors. This was followed by a bullish trend that started on 11 Dec, 2018 and ended on 17 Dec, 2018. This bullish trend delivered +9.89% to investors.

JSLHISAR had 3 profitable and 9 loss making months over the last year. During the last year, JSLHISAR underperformed NIFTY-50 index on monthly return basis. JSLHISAR was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -23.98% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JSLHISAR had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -30.17%. It is interesting to note that both JSLHISAR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Never invest emergency savings in the stock market.
-- Suze Orman

JSLHISAR 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 JSLHISAR's volatility from 30 Oct, 2018 to 19 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 JSLHISAR has significant negative skewness in it's return distribution. This indicates that JSLHISAR is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in JSLHISAR), two instruments that deserve special mention are NIFTY-GS-15YRPLUS and ~CHEMICALS. They have significantly outperformed the overall market.

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