KIRLOSKAR INDUSTRIES LTD ranked worse than it's peers on Wednesday. It lost -0.94% to close at 862.1. On a day when the overall market breadth was 70%, it closed higher than 61% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0084%.
Buy-and-Hold investors in KIRLOSIND experienced a maximum drawdown of -14.06% over the last three months. It lost -9.57% during this down trending period. There were no long signals during this period, where the short signal generated good profits of +9.57% for investors.
KIRLOSIND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 16 Aug, 2017. Over the last 3 years and 1 month, KIRLOSIND outperformed the NIFTY-50 index on 46% days. Which indicates that on days KIRLOSIND outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months KIRLOSIND was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +4.01%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -3.95%) was on Thursday, 25 Oct, 2018. There was initially a bearish trend during this period which started on 9 Nov, 2018 and went on till 13 Nov, 2018. The trend delivered -0.9% losses to investors. This was followed by a bullish trend that started on 20 Dec, 2018 and ended on 24 Dec, 2018. This bullish trend delivered +2.25% to investors.
KIRLOSIND had 2 profitable and 10 loss making months over the last year. During the last year, KIRLOSIND underperformed NIFTY-50 index on monthly return basis. KIRLOSIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -8.64% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KIRLOSIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Aug 2018 to Jan 2019) during which period it delivered -26.61%. It is interesting to note that both KIRLOSIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Never invest emergency savings in the stock market.
-- Suze Orman
KIRLOSIND 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 KIRLOSIND's volatility from 25 Oct, 2018 to 21 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 KIRLOSIND has significant negative skewness in it's return distribution. This indicates that KIRLOSIND is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KIRLOSIND. Therefore, NIFTY-50 must receive a lower allocation than KIRLOSIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than KIRLOSIND.
On a general note (since you are interested in KIRLOSIND), two instruments that have delivered similar performance as KIRLOSIND are CEATLTD and INOXLEISUR. They are suitable as good alternative investment candidates that can diversify your portfolio.
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