JYOTI STRUCTURES LTD

1.7 -0.05 (-2.86%) Sell

JYOTISTRUC investors dump it for better alternatives

13 min read

JYOTISTRUC was among the worst performers today. On a longer term basis, investors in JYOTI STRUCTURES LTD made -0.25% per day. Friday's performance of -2.86% was a significant underperformance compared to it's daily average.

[Themes containing JYOTISTRUC]

Buy-and-Hold investors in JYOTISTRUC experienced a maximum drawdown of -37.04% over the last three months. It lost -24.44% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +12.0%.

Trend

JYOTISTRUC has been underperforming the NIFTY-50 index in recent time, after having outperformed till 6 Jan, 2016. JYOTISTRUC is currently at it's worst performance to the NIFTY-50 index and therefore does not make a good investment candidate. Over the last 3 years and 1 month, JYOTISTRUC underperformed the NIFTY-50 index on 59% days.

JYOTISTRUC returned losses on 66% days in the last three months. During this time, it delivered on average -0.4% per day. It delivered it's worst daily return of -5.0%, during this period, on Wednesday, 26 Dec, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 12 Nov, 2018. The bullish trend returned +28.62% to investors. This was followed by a bearish trend that started on 30 Nov, 2018 and ended on 10 Dec, 2018. This bearish trend lost -26.98% of investor capital.

JYOTISTRUC had 1 profitable and 11 loss making months over the last year. During the last year, JYOTISTRUC underperformed NIFTY-50 index on monthly return basis. JYOTISTRUC significantly outperformed NIFTY-50 index in Nov 2018, when it returned +33.33% compared to +4.72% returned by NIFTY-50 index during it's best month in the last one year - Nov 2018. JYOTISTRUC and NIFTY-50 index, both had periods of 6 consecutive profitable months.

"There are two kinds of investors, be they large or small: those who don't know where the market is headed, and those who don't know that they don't know. Then again, there is a third type of investor -the investment professional, who indeed knows that he or she doesn't know, but whose livelihood depends upon appearing to know.

JYOTISTRUC 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 JYOTISTRUC's volatility from 22 Oct, 2018 to 18 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 JYOTISTRUC has positive skewness in it's return distribution. This indicates that investors can expect JYOTISTRUC to make attempts to recover from drawdowns quickly. Which makes JYOTISTRUC a good candidate for momentum based trading on short-term bullish trends or counter-trends.

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

On a general note (since you are interested in JYOTISTRUC), three small cap instruments that deserve special mention are NIITTECH, VINATIORGA and ASTRAZEN. They have all outperformed the market and must be closely watched for investment opportunities.

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