MERCK LIMITED showed marginal outperformance today. It increased by +0.21% to close at 3189.3. It's recent 5 day performance has been -0.65%, +0.04%, +0.49%, -3.41% and -1.45%.
MERCK is currently in a bullish trend. Over the last three months 2 bullish signals in MERCK have generated a profit of +2.4% for investors.
MERCK has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 4 Oct, 2016 to 31 Aug, 2018. Over the last 3 years and 1 month, MERCK outperformed the NIFTY-50 index on 48% days. Which indicates that on days MERCK 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 MERCK was mostly profitable and delivered on average +0.31% per day. It's best return during this period (of +6.87%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -3.82%) was on Wednesday, 2 Jan, 2019. The longest stort-term trend during this period was 5 profitable days, which started on 26 Dec, 2018 and went on till 1 Jan, 2019. This bullish trend returned +9.47% to investors.
The last 12 months saw MERCK's investors making profits in 8 months and incurring losses in 4 months. During the last year, MERCK delivered profits in more months than NIFTY-50 index. MERCK significantly outperformed NIFTY-50 index in Aug 2018, when it returned +55.06% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MERCK had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered +52.84%. It is interesting to note that both MERCK and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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MERCK is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in MERCK's volatility from 26 Oct, 2018 to 13 Dec, 2018. 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 MERCK has significant negative skewness in it's return distribution. This indicates that MERCK is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than MERCK. Therefore, NIFTY-50 must receive a lower allocation than MERCK in your portfolio. NIFTY-50 index usually has shorter drawdown period than MERCK.
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