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.
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%.
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.
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