KOPRAN LTD significantly underperformed on Tuesday. It returned -2.79% to close at 40.1. On a day when the overall market breadth was 70%, it closed higher than 36% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
Buy-and-Hold investors in KOPRAN experienced a maximum drawdown of -12.49% over the last three months. It returned +20.78% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
KOPRAN has been underperforming the NIFTY-50 index in recent time, after having outperformed till 12 Apr, 2017. Over the last 3 years and 1 month, KOPRAN underperformed the NIFTY-50 index on 55% days.
During the last three months KOPRAN was mostly profitable and delivered on average +0.33% per day. It's best return during this period (of +7.37%) was on Wednesday, 5 Dec, 2018. While it's worst loss in the same period (of -4.9%) was on Friday, 21 Dec, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 6 Nov, 2018. The bullish trend returned +21.0% to investors. This was followed by a bearish trend that started on 7 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -12.05% of investor capital.
On monthly basis, KOPRAN delivered losses in more months over the last year, than profits. KOPRAN delivered profits less regularly than NIFTY-50 index. KOPRAN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -24.95% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KOPRAN had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered +11.88%. It is interesting to note that both KOPRAN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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KOPRAN is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant surge in KOPRAN's volatility from 23 Oct, 2018 to 24 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 KOPRAN has significant negative skewness in it's return distribution. This indicates that KOPRAN is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KOPRAN. Therefore, NIFTY-50 must receive a lower allocation than KOPRAN in your portfolio. NIFTY-50 index usually has shorter drawdown period than KOPRAN.
Based on your interest in KOPRAN you may find it interesting to know that ~CHEMICALS has shown remarkable performance and deserves to be on every investors' watchlist.
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