JUNIORBEES delivered lacklustre performance today. On a longer term basis, investors in RELIANCE ETF JUNIOR BEES made +0.04% per day. Friday's performance of -1.23% was a significant underperformance compared to it's daily average.
Buy-and-Hold investors in JUNIORBEES experienced a maximum drawdown of -4.35% over the last three months. It returned +5.22% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +1.69%.
JUNIORBEES has been underperforming the NIFTY-50 index in recent time, after having outperformed till 8 Jan, 2018. Over the last 3 years and 1 month, JUNIORBEES outperformed the NIFTY-50 index on 54% days.
During the last three months JUNIORBEES was mostly profitable and delivered on average +0.08% per day. It's best return during this period (of +2.31%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -1.7%) was on Wednesday, 5 Dec, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +7.19% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 6 Dec, 2018. This bearish trend lost -3.1% of investor capital.
JUNIORBEES had 5 profitable and 7 loss making months over the last year. During the last year, number of profitable months of JUNIORBEES and NIFTY-50 index were the same. JUNIORBEES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -12.52% compared to -6.42% returned by NIFTY-50 index in Sep 2018. JUNIORBEES and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both JUNIORBEES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"You and I come by road or rail, but economists travel on infrastructure.
JUNIORBEES 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 JUNIORBEES's volatility from 23 Oct, 2018 to 17 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 JUNIORBEES has significant positive skewness in it's return distribution. This indicates that investors can expect JUNIORBEES to recover from drawdowns quickly. Which makes JUNIORBEES a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
NIFTY-50 index has more chance of extreme outcomes than JUNIORBEES. Therefore, NIFTY-50 must receive a lower allocation than JUNIORBEES in your portfolio. JUNIORBEES usually has shorter drawdown period than the NIFTY-50 index.
On a general note (since you are interested in JUNIORBEES), BRITANNIA is a large cap that deserves to be closely tracked for investment opportunities.
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