MIC ELECTRONICS LIMITED was among the best performers on Friday. It returned +5.56% to close at 0.95. It is currently trading -92% below it's 52 week high of 12.2.
MIC is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +25.03% for investors.
During the last three months MIC was mostly loss making and delivered on average -0.99% per day. It's best return during this period (of +7.5%) was on Monday, 10 Dec, 2018. While it's worst loss in the same period (of -9.09%) was on Wednesday, 26 Dec, 2018. There was initially a bullish trend during this period which started on 22 Oct, 2018 and went on till 30 Oct, 2018. The bullish trend returned +22.2% to investors. This was followed by a bearish trend that started on 20 Dec, 2018 and ended on 2 Jan, 2019. This bearish trend lost -47.89% of investor capital.
MIC had 3 profitable and 9 loss making months over the last year. During the last year, MIC underperformed NIFTY-50 index on monthly return basis. MIC was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Dec 2018, returned -38.64% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MIC and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both MIC and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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MIC is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant surge in MIC's volatility from 29 Oct, 2018 to 27 Nov, 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 MIC has significant negative skewness in it's return distribution. This indicates that MIC is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than MIC. Therefore, NIFTY-50 must receive a lower allocation than MIC in your portfolio. NIFTY-50 index usually has shorter drawdown period than MIC.
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