MINDA INDUSTRIES LTD. showed weakness on Friday. It lost -0.62% to close at 303.3. It is currently trading -31% below it's 52 week high of 442.77.
MINDAIND is currently in a down trend. The previous short signal in MINDAIND has not been profitable for investors in general. If you are short on MINDAIND at current levels please make sure that your allocation is limited and that your portfolio is well diversified.
MINDAIND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 24 Jan, 2018. Over the last 3 years and 1 month, MINDAIND outperformed the NIFTY-50 index on 51% days.
During the last three months MINDAIND delivered profits on 53% days. However, it still managed to end this period in a loss. It's best return during this period (of +8.35%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -6.51%) was on Tuesday, 20 Nov, 2018. There was initially a bullish trend during this period which started on 27 Dec, 2018 and went on till 4 Jan, 2019. The bullish trend returned +3.54% to investors. This was followed by a bearish trend that started on 7 Jan, 2019 and ended on 14 Jan, 2019. This bearish trend lost -8.86% of investor capital.
MINDAIND had 3 profitable and 9 loss making months over the last year. During the last year, MINDAIND underperformed NIFTY-50 index on monthly return basis. MINDAIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -17.87% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MINDAIND 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 -14.3%.
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MINDAIND 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 MINDAIND's volatility from 30 Oct, 2018 to 1 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 MINDAIND 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.
NIFTY-50 index has more chance of extreme outcomes than MINDAIND. Therefore, NIFTY-50 must receive a lower allocation than MINDAIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than MINDAIND.
On a general note (since you are interested in MINDAIND), three instruments that have performed similar to MINDAIND are ASTEC, AEGISCHEM and KEI. They must all be evaluated as alternative investment options and for diversification.
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