KAVVERI TEL. LTD. ranked among the best performers on Friday. It delivered +2.84% to close at 7.25. On a day when the overall market breadth was 71%, it closed higher than 38% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in KAVVERITEL experienced a maximum drawdown of -22.1% over the last three months. It delivered -8.81% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
KAVVERITEL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 4 Jan, 2016 to 31 Aug, 2018. Over the last 3 years and 1 month, KAVVERITEL underperformed the NIFTY-50 index on 54% days.
During the last three months KAVVERITEL was mostly loss making and delivered on average -0.07% per day. It's best return during this period (of +11.35%) was on Thursday, 22 Nov, 2018. While it's worst loss in the same period (of -9.39%) was on Monday, 17 Dec, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +20.2%) started on 11 Dec, 2018 and went on till 14 Dec, 2018 while the bearish trend (which returned -11.79%) started on 16 Nov, 2018 and went on till 21 Nov, 2018.
The last 12 months saw KAVVERITEL's investors making profits in 3 months and incurring losses in 9 months. KAVVERITEL was less consistent in delivering monthly returs than NIFTY-50 index. KAVVERITEL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -12.61% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KAVVERITEL had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -39.22%.
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KAVVERITEL 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 KAVVERITEL's volatility from 19 Oct, 2018 to 20 Nov, 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 KAVVERITEL has significant negative skewness in it's return distribution. This indicates that KAVVERITEL is very risky for short-term investment and can significantly underperform for long durations.
KAVVERITEL has more chance of extreme outcomes than the NIFTY-50 index. Therefore, KAVVERITEL must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than KAVVERITEL.
Based on your interest in KAVVERITEL you may find it interesting to know that LTI, BATAINDIA and LTTS are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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