LYKA LABS LTD

26.75 -0.15 (-0.56%) Sell

LYKALABS continues its fall as more investors loose confidence

13 min read

LYKA LABS LTD ranked worse than it's peers today. It fell by -0.56% to close at 26.75. During the last week it fell by -2.9% and saw a maximum drawdown of -2.9%.

[Themes containing LYKALABS]

LYKALABS is currently in a bearish trend. The current bearish signal has generated a profit of +16.67% for investors in the last three months.

Trend

LYKALABS has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 1 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, LYKALABS underperformed the NIFTY-50 index on 57% days.

During the last three months LYKALABS was mostly loss making and delivered on average -0.28% per day. It's best return during this period (of +5.4%) was on Tuesday, 18 Dec, 2018. While it's worst loss in the same period (of -5.55%) was on Wednesday, 5 Dec, 2018. The longest stort-term trend during this period was 8 losing days, which started on 9 Jan, 2019 and ended on 18 Jan, 2019. This bearish trend lost -8.99% of investor capital.

During the last year LYKALABS had 3 profitable months and 9 loss making months. LYKALABS returned profits in fewer months than NIFTY-50 index. LYKALABS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -19.82% compared to -6.42% returned by NIFTY-50 index in Sep 2018. LYKALABS had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Feb 2018 to May 2018) during which period it delivered -50.55%. It is interesting to note that both LYKALABS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

You can only become truly accomplished at something you love. Don't make money your goal. Instead, pursue the things you love doing, and then do them so well that people can't take their eyes off you.
-- Maya Angelou

LYKALABS 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 LYKALABS's volatility from 22 Oct, 2018 to 28 Nov, 2018. 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 LYKALABS has significant negative skewness in it's return distribution. This indicates that LYKALABS is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in LYKALABS you may find it interesting to know that NIITTECH is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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