MANPASAND BEVERAGES LTD. significantly underperformed on Friday. It lost -1.49% to close at 82.65. It is currently trading -82% below it's 52 week high of 461.7.
MANPASAND is currently in a down trend. The current bearish signal has generated a profit of +13.09% for investors in the last three months.
MANPASAND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 22 Sep, 2017. MANPASAND is currently at it's worst performance to the NIFTY-50 index and therefore does not make a good investment candidate. Over the last 3 years and 1 month, MANPASAND underperformed the NIFTY-50 index on 53% days.
During the last three months MANPASAND was mostly loss making and delivered on average -0.17% per day. It's best return during this period (of +15.16%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -5.24%) was on Monday, 10 Dec, 2018. There was initially a bearish trend during this period which started on 13 Dec, 2018 and went on till 20 Dec, 2018. The trend delivered -9.47% losses to investors. This was followed by a bullish trend that started on 21 Dec, 2018 and ended on 31 Dec, 2018. This bullish trend delivered +3.8% to investors.
MANPASAND had 4 profitable and 8 loss making months over the last year. During the last year, MANPASAND underperformed NIFTY-50 index on monthly return basis. MANPASAND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -44.34% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MANPASAND had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -100.59%.
Money is a terrible master but an excellent servant.
-- P.T. Barnum
MANPASAND 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 MANPASAND's volatility from 12 Dec, 2018 to 14 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 MANPASAND has positive skewness in it's return distribution. This indicates that investors can expect MANPASAND to make attempts to recover from drawdowns quickly. Which makes MANPASAND a good candidate for momentum based trading on short-term bullish trends or counter-trends.
NIFTY-50 index has more chance of extreme outcomes than MANPASAND. Therefore, NIFTY-50 must receive a lower allocation than MANPASAND in your portfolio. NIFTY-50 index usually has shorter drawdown period than MANPASAND.
On a general note (since you are interested in MANPASAND), three mid cap instruments that deserve special mention are CUB, LTTS and HATSUN. They have all outperformed the market and must be closely watched for investment opportunities.
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