MANAK ALUMINIUM CO. LTD. is looking better than most other alternatives today. It grew by +0.64% to close at 7.9. It's recent 5 day performance has been -0.63%, -0.63%, -1.24%, -2.42% and +0.61%.
MANAKALUCO showed a strong up trend over the last 3 months. During this period MANAKALUCO grew by +16.18% and saw a maximum drawdown of -27.27%. There was a long signal during this period which returned +18.38%.
MANAKALUCO 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, MANAKALUCO outperformed the NIFTY-50 index on 47% days. Which indicates that on days MANAKALUCO 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 MANAKALUCO delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +20.0%) was on Tuesday, 13 Nov, 2018. While it's worst loss in the same period (of -9.6%) was on Wednesday, 14 Nov, 2018. There was initially a bullish trend during this period which started on 6 Nov, 2018 and went on till 13 Nov, 2018. The bullish trend returned +44.07% to investors. This was followed by a bearish trend that started on 14 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -24.27% of investor capital.
MANAKALUCO had 5 profitable and 7 loss making months over the last year. During the last year, number of profitable months of MANAKALUCO and NIFTY-50 index were the same. MANAKALUCO was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -30.58% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MANAKALUCO had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +38.21%. It is interesting to note that both MANAKALUCO 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
MANAKALUCO 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 MANAKALUCO's volatility from 19 Oct, 2018 to 10 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 MANAKALUCO has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
MANAKALUCO has more chance of extreme outcomes than the NIFTY-50 index. Therefore, MANAKALUCO must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than MANAKALUCO.
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