MARICO LIMITED ranked worse than it's peers on Friday. It fell by -0.22% to close at 379.35. It is currently trading +29% above it's 52 week low of 292.9 and is down only -3% from it's 52 week high.
Buy-and-Hold investors in MARICO experienced a maximum drawdown of -6.71% over the last three months. It increased by +22.37% during this strong bullish 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 +12.22%.
MARICO has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 1 Jan, 2016 to 19 Dec, 2018. Over the last 3 years and 1 month, MARICO outperformed the NIFTY-50 index on 51% days.
During the last three months MARICO was mostly profitable and delivered on average +0.33% per day. It's best return during this period (of +5.64%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -3.48%) was on Thursday, 20 Dec, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +7.76%) started on 26 Oct, 2018 and went on till 31 Oct, 2018 while the bearish trend (which returned -6.86%) started on 20 Dec, 2018 and went on till 26 Dec, 2018.
During the last year MARICO had 9 profitable months and 3 loss making months. MARICO returned profits in more months than NIFTY-50 index. MARICO significantly outperformed NIFTY-50 index in Nov 2018, when it returned +11.03% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MARICO had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered +7.5%.
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MARICO 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 MARICO's volatility from 5 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 MARICO 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.
Investors trading in MARICO derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
MARICO has more chance of extreme outcomes than the NIFTY-50 index. Therefore, MARICO must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than MARICO.
Based on your interest in MARICO you may find it interesting to know that NIFTY-GS-15YRPLUS has shown remarkable performance and deserves to be on every investors' watchlist.
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