KELLTON TECH SOL LTD

37.85 -1.85 (-4.9%) Buy

KELLTONTEC investors herd to book profits while the going is good

16 min read

KELLTONTEC was among the worst performers today. On a longer term basis, investors in KELLTON TECH SOL LTD made -0.07% per day. Tuesday's performance of -4.9% was a significant underperformance compared to it's daily average.

[Themes containing KELLTONTEC]

KELLTONTEC showed a strong up trend over the last 3 months. During this period KELLTONTEC returned +19.59% and saw a maximum drawdown of -22.91%. There was a long signal during this period which returned +6.47%.

Trend

KELLTONTEC has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Mar, 2016. Over the last 2 years and 11 months, KELLTONTEC underperformed the NIFTY-50 index on 57% days.

During the last three months KELLTONTEC delivered losses on 61% days. However, it still managed to end this period in a profit. It's best return during this period (of +19.9%) was on Monday, 31 Dec, 2018. While it's worst loss in the same period (of -5.4%) was on Thursday, 3 Jan, 2019. There was initially a bullish trend during this period which started on 1 Nov, 2018 and went on till 5 Nov, 2018. The bullish trend returned +4.98% to investors. This was followed by a bearish trend that started on 14 Jan, 2019 and ended on 22 Jan, 2019. This bearish trend lost -23.17% of investor capital.

KELLTONTEC had 5 profitable and 7 loss making months over the last year. During the last year, KELLTONTEC underperformed NIFTY-50 index on monthly return basis. KELLTONTEC significantly outperformed NIFTY-50 index in Dec 2018, when it returned +30.7% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. KELLTONTEC had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -40.33%. It is interesting to note that both KELLTONTEC and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens

KELLTONTEC 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 surge in KELLTONTEC's volatility from 24 Oct, 2018 to 26 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 KELLTONTEC has significant negative skewness in it's return distribution. This indicates that KELLTONTEC is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in KELLTONTEC you may find it interesting to know that KTIL has delivered similar performance as KELLTONTEC and can be considered as an alternative investment candidate (to KELLTONTEC).

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