KEYNOTE CORP. SERV. LTD managed to marginally outperform the broader market on Thursday. It lost 0.0% to close at 46.0. On a day when the overall market breadth was 71%, it closed higher than 88% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in KEYCORPSER experienced a maximum drawdown of -27.39% over the last three months. It lost -23.97% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +19.37%.
KEYCORPSER has been underperforming the NIFTY-50 index in recent time, after having outperformed till 19 Jun, 2017. Over the last 2 years and 12 months, KEYCORPSER outperformed the NIFTY-50 index on 52% days.
KEYCORPSER returned losses on 65% days in the last three months. During this time, it delivered on average -0.67% per day. It delivered it's worst daily return of -5.0%, during this period, on Tuesday, 6 Nov, 2018. There was initially a bullish trend during this period which started on 7 Nov, 2018 and went on till 15 Nov, 2018. The bullish trend returned +11.8% to investors. This was followed by a bearish trend that started on 31 Dec, 2018 and ended on 4 Jan, 2019. This bearish trend lost -19.12% of investor capital.
KEYCORPSER had 4 profitable and 8 loss making months over the last year. During the last year, KEYCORPSER underperformed NIFTY-50 index on monthly return basis. KEYCORPSER significantly outperformed NIFTY-50 index in Oct 2018, when it returned +24.84% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. KEYCORPSER had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Jun 2018 to Sep 2018) during which period it delivered -28.19%. It is interesting to note that both KEYCORPSER and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
-- Merton Miller
KEYCORPSER 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 fall in KEYCORPSER's volatility from 19 Oct, 2018 to 27 Nov, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 22 Oct, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that KEYCORPSER has significant positive skewness in it's return distribution. This indicates that investors can expect KEYCORPSER to recover from drawdowns quickly. Which makes KEYCORPSER a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
KEYCORPSER has more chance of extreme outcomes than the NIFTY-50 index. Therefore, KEYCORPSER must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than KEYCORPSER.
Based on your interest in KEYCORPSER you may find it interesting to know that HATSUN, LTI and BATAINDIA are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute