107.2 -1.77 (-1.65%) Buy

KOKUYOCMLN investors check their stop-losses as it underperforms

16 min read

KOKUYO CAMLIN LIMITED was among the worst performers today. It returned -1.65% to close at 107.2. During the last week it returned -0.69% and saw a maximum drawdown of -2.68% before bouncing back.

[Themes containing KOKUYOCMLN]

Buy-and-Hold investors in KOKUYOCMLN experienced a maximum drawdown of -13.56% over the last three months. It returned -8.26% during this 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 +4.02%.


KOKUYOCMLN has been underperforming the NIFTY-50 index in recent time, after having outperformed till 14 Dec, 2017. Over the last 3 years and 1 month, KOKUYOCMLN underperformed the NIFTY-50 index on 52% days.

KOKUYOCMLN returned losses on 54% days in the last three months. During this time, it delivered on average -0.11% per day. It delivered it's worst daily return of -10.01%, during this period, on Friday, 26 Oct, 2018. There was initially a bullish trend during this period which started on 30 Nov, 2018 and went on till 5 Dec, 2018. The bullish trend returned +1.13% to investors. This was followed by a bearish trend that started on 2 Jan, 2019 and ended on 4 Jan, 2019. This bearish trend lost -4.88% of investor capital.

On monthly basis, KOKUYOCMLN delivered losses in more months over the last year, than profits. KOKUYOCMLN delivered profits less regularly than NIFTY-50 index. KOKUYOCMLN significantly outperformed NIFTY-50 index in Aug 2018, when it returned +37.68% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. KOKUYOCMLN 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 -36.18%. It is interesting to note that both KOKUYOCMLN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

It is time for us to stand and cheer for the doer, the achiever, the one who recognizes the challenge and does something about it.
-- Vince Lombardi

KOKUYOCMLN 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 KOKUYOCMLN's volatility from 26 Oct, 2018 to 4 Dec, 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 KOKUYOCMLN has significant negative skewness in it's return distribution. This indicates that KOKUYOCMLN is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in KOKUYOCMLN), if you are evaluating KOKUYOCMLN as an investment candidate, then you should read about SUPPETRO which has delivered similar performance and can help diversify your portfolio.

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