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.
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.
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