KOTAK PSU BANK underperformed today. It fell by -1.0% to close at 309.65. During the last week it fell by -2.09% and saw a maximum drawdown of -2.09%.
KOTAKPSUBK is currently in a bullish trend. Over the last three months 2 bullish signals in KOTAKPSUBK have generated a profit of +5.78% for investors.
KOTAKPSUBK has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 15 Nov, 2016 to 28 Sep, 2018. Over the last 3 years and 1 month, KOTAKPSUBK underperformed the NIFTY-50 index on 53% days.
During the last three months KOTAKPSUBK delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.04%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -2.62%) was on Monday, 12 Nov, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 29 Oct, 2018 and went on till 5 Nov, 2018. This bullish trend returned +15.83% to investors.
During the last year KOTAKPSUBK had 8 profitable months and 4 loss making months. KOTAKPSUBK returned profits in more months than NIFTY-50 index. KOTAKPSUBK was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -18.38% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KOTAKPSUBK had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +11.11%. It is interesting to note that both KOTAKPSUBK and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Live as if you were to die tomorrow. Learn as if you were to live forever.
-- Mahatma Gandhi
KOTAKPSUBK is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant surge in KOTAKPSUBK's volatility from 14 Jan, 2019 to 16 Jan, 2019. 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 KOTAKPSUBK has significant negative skewness in it's return distribution. This indicates that KOTAKPSUBK is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KOTAKPSUBK. Therefore, NIFTY-50 must receive a lower allocation than KOTAKPSUBK in your portfolio. NIFTY-50 index usually has shorter drawdown period than KOTAKPSUBK.
Based on your interest in KOTAKPSUBK you may find it interesting to know that RESPONIND is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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