KOTHARI SUG & CHEM LTD. managed to outperform the broader market on Tuesday. It fell by 0.0% to close at 9.85. It is currently trading -42% below it's 52 week high of 17.15.
KOTARISUG showed a strong bearish trend over the last 3 months. During this period KOTARISUG fell by -14.72% and saw a maximum drawdown of -14.72%. There was a short signal during this period which returned +4.83%.
KOTARISUG has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 7 Jul, 2016 to 23 Jul, 2018. Over the last 3 years and 1 month, KOTARISUG underperformed the NIFTY-50 index on 57% days.
KOTARISUG returned losses on 67% days in the last three months. During this time, it delivered on average -0.23% per day. It delivered it's best daily return of +4.95%, during this period, on Tuesday, 8 Jan, 2019. The longest stort-term trend during this period was 6 losing days, which started on 13 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -9.96% of investor capital.
During the last year KOTARISUG had 2 profitable months and 10 loss making months. KOTARISUG returned profits in fewer months than NIFTY-50 index. KOTARISUG significantly outperformed NIFTY-50 index in Sep 2018, when it returned +27.57% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. KOTARISUG 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 -58.58%. It is interesting to note that both KOTARISUG and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Beware of little expenses. A small leak will sink a great ship.
KOTARISUG 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 KOTARISUG's volatility from 12 Nov, 2018 to 22 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 KOTARISUG has significant negative skewness in it's return distribution. This indicates that KOTARISUG is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than KOTARISUG. Therefore, NIFTY-50 must receive a lower allocation than KOTARISUG in your portfolio. NIFTY-50 index usually has shorter drawdown period than KOTARISUG.
On a general note (since you are interested in KOTARISUG), three instruments that deserve special mention are IGARASHI, SPLIL and MERCK. They have all outperformed the market and must be closely watched for investment opportunities.
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