JUBILANT INDUSTRIES LTD performed worse than the broader market today. It delivered -0.55% to close at 116.95. It's recent 5 day performance has been -2.73%, +1.51%, -1.08%, +7.21% and +9.83%.
JUBLINDS is currently in a bullish trend. The current bullish signal has generated a profit of +4.14% for JUBLINDS's investors in the last three months.
JUBLINDS has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 2 Feb, 2017 to 14 Dec, 2018. Over the last 3 years and 1 month, JUBLINDS underperformed the NIFTY-50 index on 56% days.
JUBLINDS was profitable on 50% days in the last three months. During this time, it delivered on average +0.42% per day. It delivered it's best daily return of +9.83%, during this period, on Friday, 11 Jan, 2019. The longest stort-term trend during this period was 6 profitable days, which started on 31 Oct, 2018 and went on till 7 Nov, 2018. This bullish trend returned +10.97% to investors.
The last 12 months saw JUBLINDS's investors making profits in 4 months and incurring losses in 8 months. JUBLINDS was less consistent in delivering monthly returs than NIFTY-50 index. JUBLINDS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -25.27% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JUBLINDS 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 -48.73%. It is interesting to note that both JUBLINDS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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-- Max Weber
JUBLINDS is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in JUBLINDS's volatility from 22 Oct, 2018 to 10 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 JUBLINDS has significant negative skewness in it's return distribution. This indicates that JUBLINDS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than JUBLINDS. Therefore, NIFTY-50 must receive a lower allocation than JUBLINDS in your portfolio. NIFTY-50 index usually has shorter drawdown period than JUBLINDS.
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