MAHARASHTRA SEAMLESS LTD

486.15 -1.1 (-0.23%) Sell

Search for alternative investments is on for MAHSEAMLES investors as it underperforms

13 min read

MAHARASHTRA SEAMLESS LTD showed weakness today. It lost -0.23% to close at 486.15. During the last week it returned +0.43% and saw a maximum drawdown of -0.23% before bouncing back.

[Themes containing MAHSEAMLES]

Buy-and-Hold investors in MAHSEAMLES experienced a maximum drawdown of -7.15% over the last three months. It returned +5.57% during this up 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 +0.21%.

Trend

MAHSEAMLES has been underperforming the NIFTY-50 index in recent time, after having outperformed till 15 Jan, 2018. Over the last 3 years and 1 month, MAHSEAMLES outperformed the NIFTY-50 index on 49% days. Which indicates that on days MAHSEAMLES 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 MAHSEAMLES was mostly profitable and delivered on average +0.1% per day. It's best return during this period (of +5.25%) was on Thursday, 22 Nov, 2018. While it's worst loss in the same period (of -3.87%) was on Tuesday, 23 Oct, 2018. There was initially a bullish trend during this period which started on 24 Oct, 2018 and went on till 31 Oct, 2018. The bullish trend returned +5.61% to investors. This was followed by a bearish trend that started on 19 Dec, 2018 and ended on 26 Dec, 2018. This bearish trend lost -5.51% of investor capital.

MAHSEAMLES had 7 profitable and 5 loss making months over the last year. MAHSEAMLES was profitable in more months than NIFTY-50 index. MAHSEAMLES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -11.46% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MAHSEAMLES had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Jun 2018 to Aug 2018) during which period it delivered +13.89%. It is interesting to note that both MAHSEAMLES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.
-- Warren Buffett

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

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

On a general note (since you are interested in MAHSEAMLES), three mid cap instruments that deserve special mention are HATSUN, LTI and BATAINDIA. They have all outperformed the market and must be closely watched for investment opportunities.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter