530.5 -0.75 (-0.14%) Sell

Want to invest in KPRMILL? Wait as it underperformed broader market

13 min read

KPR MILL LTD. underperformed broader market today. It returned -0.14% to close at 530.5. It's recent 5 day performance has been +0.16%, +0.04%, +2.92%, -1.48% and -1.91%.

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KPRMILL showed a strong down trend over the last 3 months. During this period KPRMILL returned -16.34% and saw a maximum drawdown of -18.77%. There was a short signal during this period which returned +16.34%.


KPRMILL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 8 Jun, 2017. Over the last 3 years and 1 month, KPRMILL underperformed the NIFTY-50 index on 51% days.

KPRMILL returned losses on 67% days in the last three months. During this time, it delivered on average -0.27% per day. It delivered it's best daily return of +6.0%, during this period, on Monday, 29 Oct, 2018. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 26 Oct, 2018. The trend delivered -8.79% losses to investors. This was followed by a bullish trend that started on 22 Nov, 2018 and ended on 27 Nov, 2018. This bullish trend delivered +1.11% to investors.

On monthly basis, KPRMILL delivered losses in more months over the last year, than profits. KPRMILL delivered profits less regularly than NIFTY-50 index. KPRMILL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -12.9% compared to -6.42% returned by NIFTY-50 index in Sep 2018. KPRMILL had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Sep 2018 to Jan 2019) during which period it delivered -24.81%. It is interesting to note that both KPRMILL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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KPRMILL 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 KPRMILL's volatility from 23 Oct, 2018 to 18 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 KPRMILL has significant negative skewness in it's return distribution. This indicates that KPRMILL is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in KPRMILL), LTTS is a mid cap that deserves to be closely tracked for investment opportunities.

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