KESARENT is a falling knife that can bleed you if you catch it today. On a longer term basis, investors in KESAR ENTERPRISES LTD. made +0.19% per day. Thursday's performance of -1.72% was a significant underperformance compared to it's daily average.
KESARENT showed a strong down trend over the last 3 months. During this period KESARENT returned -12.17% and saw a maximum drawdown of -19.11%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in KESARENT till volatility reduces and a clear trend emerges.
KESARENT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 29 May, 2017. Over the last 3 years and 1 month, KESARENT underperformed the NIFTY-50 index on 59% days.
KESARENT returned losses on 56% days in the last three months. During this time, it delivered on average -0.18% per day. It delivered it's best daily return of +5.0%, during this period, on Monday, 12 Nov, 2018. There was initially a bearish trend during this period which started on 13 Nov, 2018 and went on till 19 Nov, 2018. The trend delivered -13.7% losses to investors. This was followed by a bullish trend that started on 2 Jan, 2019 and ended on 7 Jan, 2019. This bullish trend delivered +8.65% to investors.
On monthly basis, KESARENT delivered losses in more months over the last year, than profits. KESARENT delivered profits less regularly than NIFTY-50 index. KESARENT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -25.5% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KESARENT 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 -62.28%. It is interesting to note that both KESARENT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Money often costs too much.
-- Ralph Waldo Emerson
KESARENT 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 KESARENT's volatility from 22 Oct, 2018 to 30 Oct, 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 KESARENT has significant negative skewness in it's return distribution. This indicates that KESARENT is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KESARENT. Therefore, NIFTY-50 must receive a lower allocation than KESARENT in your portfolio. NIFTY-50 index usually has shorter drawdown period than KESARENT.
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