KANORIA CHEMICALS & INDUS

72.05 -0.2 (-0.28%) Buy

KANORICHEM investors take a moment to reassess their portfolio allocation

13 min read

KANORIA CHEMICALS & INDUS ranked worse than it's peers today. It delivered -0.28% to close at 72.05. During the last week it delivered 0.0% and saw a maximum drawdown of -2.64% before bouncing back.

[Themes containing KANORICHEM]

KANORICHEM is currently in a bullish trend. The current bullish signal has generated a profit of +7.3% for KANORICHEM's investors in the last three months.

Trend

KANORICHEM has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 9 Jan, 2018 to 23 Jul, 2018. Over the last 3 years and 1 month, KANORICHEM underperformed the NIFTY-50 index on 57% days.

During the last three months KANORICHEM delivered losses on 61% days. However, it still managed to end this period in a profit. It's best return during this period (of +18.61%) was on Monday, 17 Dec, 2018. While it's worst loss in the same period (of -7.15%) was on Thursday, 15 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 20 Dec, 2018 and ended on 28 Dec, 2018. This bearish trend lost -6.6% of investor capital.

The last 12 months saw KANORICHEM's investors making profits in 6 months and incurring losses in 6 months. During the last year, KANORICHEM delivered profits in more months than NIFTY-50 index. KANORICHEM significantly outperformed NIFTY-50 index in Aug 2018, when it returned +15.77% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. KANORICHEM had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +20.17%. It is interesting to note that both KANORICHEM and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

When I graduated, I promptly took a job in finance, making both my pre-med and poli-sci years essentially useless - or so I thought.
-- Yael Cohen

KANORICHEM 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 surge in KANORICHEM's volatility from 7 Dec, 2018 to 17 Dec, 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 KANORICHEM has significant negative skewness in it's return distribution. This indicates that KANORICHEM is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in KANORICHEM you may find it interesting to know that CUB, LTI and BATAINDIA are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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