KEWAL KIRAN CLOTHING LTD

1244.35 -1.5 (-0.12%) Sell

KKCL continues its fall as more investors loose confidence

13 min read

KKCL ranked worse than it's peers today. On a longer term basis, investors in KEWAL KIRAN CLOTHING LTD made -0.04% per day. Friday's performance of -0.12% was a underperformance compared to it's daily average.

[Themes containing KKCL]

KKCL showed a bearish trend over the last 3 months. During this period KKCL delivered -3.26% and saw a maximum drawdown of -9.19%. There was a short signal during this period which returned +3.26%.

Trend

KKCL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 15 Jan, 2016 to 20 Dec, 2018. Over the last 3 years and 1 month, KKCL underperformed the NIFTY-50 index on 51% days.

During the last three months KKCL was mostly loss making and delivered on average -0.04% per day. It's best return during this period (of +4.72%) was on Thursday, 27 Dec, 2018. While it's worst loss in the same period (of -4.01%) was on Wednesday, 2 Jan, 2019. The longest stort-term trend during this period was 5 losing days, which started on 1 Jan, 2019 and ended on 7 Jan, 2019. This bearish trend lost -7.02% of investor capital.

The last 12 months saw KKCL's investors making profits in 4 months and incurring losses in 8 months. KKCL was less consistent in delivering monthly returs than NIFTY-50 index. KKCL significantly outperformed NIFTY-50 index in Jul 2018, when it returned +9.38% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. KKCL had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -13.53%. It is interesting to note that both KKCL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

There's more honor in investment management than in investment banking.
-- Charlie Munger

KKCL 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 KKCL's volatility from 22 Oct, 2018 to 21 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 KKCL has significant negative skewness in it's return distribution. This indicates that KKCL is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in KKCL you may find it interesting to know that LTTS, CUB and LTI are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

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