LAKSHMI VILAS BANK LTD is a falling knife that can bleed you if you catch it on Friday. It lost -1.8% to close at 73.45. It is currently trading -48% below it's 52 week high of 141.65.
LAKSHVILAS is currently in a down trend. The current bearish signal has generated a profit of +18.57% for investors in the last three months.
LAKSHVILAS has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jul, 2017. Over the last 3 years and 1 month, LAKSHVILAS underperformed the NIFTY-50 index on 54% days.
LAKSHVILAS returned losses on 62% days in the last three months. During this time, it delivered on average -0.31% per day. It delivered it's worst daily return of -6.79%, during this period, on Thursday, 25 Oct, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 30 Oct, 2018. The bullish trend returned +8.5% to investors. This was followed by a bearish trend that started on 11 Jan, 2019 and ended on 18 Jan, 2019. This bearish trend lost -7.54% of investor capital.
LAKSHVILAS had 4 profitable and 8 loss making months over the last year. During the last year, LAKSHVILAS underperformed NIFTY-50 index on monthly return basis. LAKSHVILAS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -24.38% compared to -6.42% returned by NIFTY-50 index in Sep 2018. LAKSHVILAS had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered -30.96%. It is interesting to note that both LAKSHVILAS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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LAKSHVILAS 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 fall in LAKSHVILAS's volatility from 19 Oct, 2018 to 3 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 LAKSHVILAS has positive skewness in it's return distribution. This indicates that investors can expect LAKSHVILAS to make attempts to recover from drawdowns quickly. Which makes LAKSHVILAS a good candidate for momentum based trading on short-term bullish trends or counter-trends.
NIFTY-50 index has more chance of extreme outcomes than LAKSHVILAS. Therefore, NIFTY-50 must receive a lower allocation than LAKSHVILAS in your portfolio. LAKSHVILAS usually has shorter drawdown period than the NIFTY-50 index.
On a general note (since you are interested in LAKSHVILAS), NIITTECH has performed really well this year and deserves to be closely tracked for investment opportunities.
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