JINDAL STAINLESS (H) LTD

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.

Trend

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.

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