JUBILANT LIFE SCIENCE LTD

709.1 +5.49 (+0.77%) Buy

JUBILANT continues to mint money for it's investors

13 min read

JUBILANT outperformed the broader market today. On a longer term basis, investors in JUBILANT LIFE SCIENCE LTD made +0.17% per day. Friday's performance of +0.77% was a outperformance compared to it's daily average.

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JUBILANT showed a bullish trend over the last 3 months. During this period JUBILANT increased by +5.51% and saw a maximum drawdown of -15.17%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in JUBILANT till volatility reduces and a clear trend emerges.

Trend

JUBILANT has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 19 Jul, 2016 to 7 Feb, 2018. Over the last 3 years and 1 month, JUBILANT outperformed the NIFTY-50 index on 45% days. Which indicates that on days JUBILANT 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 JUBILANT was mostly profitable and delivered on average +0.11% per day. It's best return during this period (of +6.62%) was on Thursday, 29 Nov, 2018. While it's worst loss in the same period (of -6.63%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 9 profitable days, which started on 29 Oct, 2018 and went on till 9 Nov, 2018. This bullish trend returned +16.86% to investors.

The last 12 months saw JUBILANT's investors making profits in 4 months and incurring losses in 8 months. JUBILANT was less consistent in delivering monthly returs than NIFTY-50 index. JUBILANT significantly outperformed NIFTY-50 index in Nov 2018, when it returned +16.77% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. JUBILANT and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both JUBILANT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens

JUBILANT 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 fall in JUBILANT's volatility from 19 Oct, 2018 to 9 Jan, 2019. 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 JUBILANT has significant negative skewness in it's return distribution. This indicates that JUBILANT is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in JUBILANT you may find it interesting to know that TIDEWATER and IGARASHI are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).

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