BANK OF MAHARASHTRA delivered lacklustre performance on Friday. It fell by -1.01% to close at 14.65. It is currently trading -33% below it's 52 week high of 22.1.
Buy-and-Hold investors in MAHABANK experienced a maximum drawdown of -17.91% over the last three months. It surged by +29.07% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +3.4%.
MAHABANK has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 10 Feb, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, MAHABANK underperformed the NIFTY-50 index on 55% days.
MAHABANK returned losses on 62% days in the last three months. During this time, it delivered on average +0.47% per day. It delivered it's best daily return of +19.83%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 6 losing days, which started on 20 Nov, 2018 and ended on 28 Nov, 2018. This bearish trend lost -12.06% of investor capital.
During the last year MAHABANK had 4 profitable months and 8 loss making months. MAHABANK returned profits in fewer months than NIFTY-50 index. MAHABANK significantly outperformed NIFTY-50 index in Oct 2018, when it returned +19.47% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MAHABANK and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both MAHABANK and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
If you live for having it all, what you have is never enough.
-- Vicki Robin
MAHABANK 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 MAHABANK's volatility from 19 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 MAHABANK has significant negative skewness in it's return distribution. This indicates that MAHABANK is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than MAHABANK. Therefore, NIFTY-50 must receive a lower allocation than MAHABANK in your portfolio. NIFTY-50 index usually has shorter drawdown period than MAHABANK.
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