7.9 +0.05 (+0.64%) Sell

Are you evaluating investing in MANAKALUCO? Consider as it is looking better than most other alternatives

13 min read

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%.

[Themes containing MANAKALUCO]

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.

On a general note (since you are interested in MANAKALUCO), two large cap instruments that deserve special mention are BAJFINANCE and TCS. They have significantly outperformed the overall market.

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