KOHINOOR investors looking to cut their losses short
23 Jan, 201913 min read
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KOHINOOR FOODS LIMITED underperformed broader market today. It delivered -1.02% to close at 34.0. During the last week it delivered -5.16% and saw a maximum drawdown of -5.16%.
Buy-and-Hold investors in KOHINOOR experienced a maximum drawdown of -13.02% over the last three months. It surged by +13.52% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
KOHINOOR has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 9 Jan, 2017 to 1 Oct, 2018. Over the last 3 years and 1 month, KOHINOOR underperformed the NIFTY-50 index on 58% days.
KOHINOOR returned losses on 61% days in the last three months. During this time, it delivered on average +0.29% per day. It delivered it's best daily return of +17.78%, during this period, on Monday, 26 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 17 Jan, 2019 and ended on 23 Jan, 2019. This bearish trend lost -5.67% of investor capital.
The last 12 months saw KOHINOOR's investors making profits in 3 months and incurring losses in 9 months. KOHINOOR was less consistent in delivering monthly returs than NIFTY-50 index. KOHINOOR was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -26.31% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KOHINOOR 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 -56.44%. It is interesting to note that both KOHINOOR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"If all the economists were laid end to end, they'd never reach a conclusion.
KOHINOOR 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 surge in KOHINOOR's volatility from 24 Oct, 2018 to 29 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 KOHINOOR has significant negative skewness in it's return distribution. This indicates that KOHINOOR is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KOHINOOR. Therefore, NIFTY-50 must receive a lower allocation than KOHINOOR in your portfolio. NIFTY-50 index usually has shorter drawdown period than KOHINOOR.
Based on your interest in KOHINOOR you may find it interesting to know that NIFTY50-DIV-POINT, HATSUN and IGARASHI are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.
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