METALYST FORGINGS LIMITED outperformed today. It surged by +2.75% to close at 9.35. It's recent 5 day performance has been -5.21%, -9.0%, -2.76%, -0.91% and -0.45%.
METALFORGE showed a strong bearish trend over the last 3 months. During this period METALFORGE delivered -24.9% and saw a maximum drawdown of -31.58%. There were 3 short signals during this period that returned a cumulative of +13.61% to investors.
METALFORGE has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 6 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, METALFORGE underperformed the NIFTY-50 index on 58% days.
METALFORGE returned losses on 66% days in the last three months. During this time, it delivered on average -0.42% per day. It delivered it's worst daily return of -9.0%, during this period, on Friday, 18 Jan, 2019. The longest stort-term trend during this period was 6 losing days, which started on 14 Jan, 2019 and ended on 21 Jan, 2019. This bearish trend lost -19.68% of investor capital.
The last 12 months saw METALFORGE's investors making profits in 3 months and incurring losses in 9 months. METALFORGE was less consistent in delivering monthly returs than NIFTY-50 index. METALFORGE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -31.86% compared to -6.42% returned by NIFTY-50 index in Sep 2018. METALFORGE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Feb 2018 to Apr 2018) during which period it delivered -37.35%. It is interesting to note that both METALFORGE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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METALFORGE 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 surge in METALFORGE's volatility from 23 Oct, 2018 to 24 Oct, 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 METALFORGE has significant negative skewness in it's return distribution. This indicates that METALFORGE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than METALFORGE. Therefore, NIFTY-50 must receive a lower allocation than METALFORGE in your portfolio. NIFTY-50 index usually has shorter drawdown period than METALFORGE.
On a general note (since you are interested in METALFORGE), HINDUNILVR is a large cap that deserves to be closely tracked for investment opportunities.
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