231.55 -0.2 (-0.09%) Sell

MAHINDCIE continues its fall as more investors loose confidence

13 min read

MAHINDCIE underperformed today. On a longer term basis, investors in MAHINDRA CIE AUTO LTD made +0.02% per day. Friday's performance of -0.09% was a underperformance compared to it's daily average.

[Themes containing MAHINDCIE]

MAHINDCIE showed a strong bearish trend over the last 3 months. During this period MAHINDCIE delivered -12.52% and saw a maximum drawdown of -13.2%. There was a short signal during this period which returned +8.62%.


MAHINDCIE has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Jan, 2016 to 31 Jan, 2018. Over the last 3 years and 1 month, MAHINDCIE underperformed the NIFTY-50 index on 54% days.

During the last three months MAHINDCIE was mostly loss making and delivered on average -0.2% per day. It's best return during this period (of +3.15%) was on Friday, 7 Dec, 2018. While it's worst loss in the same period (of -2.86%) was on Friday, 16 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 1 Jan, 2019 and ended on 7 Jan, 2019. This bearish trend lost -5.36% of investor capital.

The last 12 months saw MAHINDCIE's investors making profits in 7 months and incurring losses in 5 months. During the last year, MAHINDCIE delivered profits in more months than NIFTY-50 index. MAHINDCIE significantly outperformed NIFTY-50 index in Apr 2018, when it returned +15.86% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MAHINDCIE had a longer winning streak of profitable months than NIFTY-50 index. It went up in 5 straight months (from Jun 2018 to Oct 2018) during which period it delivered +14.6%. It is interesting to note that both MAHINDCIE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Happiness lies in the joy of achievement and the thrill of creative effort.
-- Franklin D. Roosevelt

MAHINDCIE 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 MAHINDCIE's volatility from 19 Oct, 2018 to 21 Dec, 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 MAHINDCIE has significant negative skewness in it's return distribution. This indicates that MAHINDCIE is very risky for short-term investment and can significantly underperform for long durations.

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

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

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