LAXMIMACH was among the worst performers today. On a longer term basis, investors in LAKSHMI MACHINES LTD made +0.07% per day. Friday's performance of -3.16% was a underperformance compared to it's daily average.
LAXMIMACH showed a bearish trend over the last 3 months. During this period LAXMIMACH delivered -9.33% and saw a maximum drawdown of -10.63%. There was a short signal during this period which returned +9.33%.
LAXMIMACH has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 23 Feb, 2017 to 9 May, 2018. Over the last 3 years and 1 month, LAXMIMACH outperformed the NIFTY-50 index on 44% days. Which indicates that on days LAXMIMACH outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months LAXMIMACH was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +5.62%) was on Tuesday, 13 Nov, 2018. While it's worst loss in the same period (of -5.87%) was on Tuesday, 23 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -3.99% of investor capital.
The last 12 months saw LAXMIMACH's investors making profits in 4 months and incurring losses in 8 months. LAXMIMACH was less consistent in delivering monthly returs than NIFTY-50 index. LAXMIMACH significantly outperformed NIFTY-50 index in Apr 2018, when it returned +17.05% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. LAXMIMACH had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from May 2018 to Oct 2018) during which period it delivered -34.57%.
Stock market bubbles don't grow out of thin air. They have a solid basis in reality, but reality as distorted by a misconception.
-- George Soros
LAXMIMACH 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 fall in LAXMIMACH's volatility from 19 Oct, 2018 to 17 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 LAXMIMACH has significant negative skewness in it's return distribution. This indicates that LAXMIMACH is very risky for short-term investment and can significantly underperform for long durations.
LAXMIMACH has more chance of extreme outcomes than the NIFTY-50 index. Therefore, LAXMIMACH must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than LAXMIMACH.
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