KCP SUGAR IND CORP LTD. delivered lacklustre performance on Friday. It fell by -0.27% to close at 18.25. On a day when the overall market breadth was 71%, it closed higher than 45% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in KCPSUGIND experienced a maximum drawdown of -17.13% over the last three months. It fell by -5.44% 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.
KCPSUGIND has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 16 Jun, 2016 to 21 Aug, 2018. Over the last 3 years and 1 month, KCPSUGIND underperformed the NIFTY-50 index on 56% days.
During the last three months KCPSUGIND was mostly loss making and delivered on average -0.07% per day. It's best return during this period (of +12.5%) was on Monday, 12 Nov, 2018. While it's worst loss in the same period (of -4.42%) was on Friday, 16 Nov, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +2.91%) started on 29 Nov, 2018 and went on till 4 Dec, 2018 while the bearish trend (which returned -10.29%) started on 13 Nov, 2018 and went on till 16 Nov, 2018.
During the last year KCPSUGIND had 2 profitable months and 10 loss making months. KCPSUGIND returned profits in fewer months than NIFTY-50 index. KCPSUGIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -12.27% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KCPSUGIND 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 -34.47%.
"A budget tells us what we can't afford, but it doesn't keep us from buying it.
KCPSUGIND is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in KCPSUGIND's volatility from 14 Nov, 2018 to 7 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 KCPSUGIND has significant negative skewness in it's return distribution. This indicates that KCPSUGIND is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KCPSUGIND. Therefore, NIFTY-50 must receive a lower allocation than KCPSUGIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than KCPSUGIND.
Based on your interest in KCPSUGIND you may find it interesting to know that SOBHA, PANACEABIO and PRAKASH have all performed similar to KCPSUGIND and qualify as alternative investment candidates that must be evaluated for diversification.
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