76.4 -0.05 (-0.07%) Sell

Search for alternative investments is on for MIRZAINT investors as it underperforms broader market

13 min read

MIRZA INTERNATIONAL LIMIT underperformed today. It returned -0.07% to close at 76.4. During the last week it returned -3.78% and saw a maximum drawdown of -3.78%.

[Themes containing MIRZAINT]

MIRZAINT is currently in a down trend. Over the last three months Buy-and-Hold has been a better strategy (returning +1.53%) for MIRZAINT's investors than shorting it.


MIRZAINT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Sep, 2017. Over the last 3 years and 1 month, MIRZAINT underperformed the NIFTY-50 index on 57% days.

MIRZAINT returned losses on 54% days in the last three months. During this time, it delivered on average +0.05% per day. It delivered it's best daily return of +6.45%, during this period, on Wednesday, 12 Dec, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +14.87% to investors. This was followed by a bearish trend that started on 13 Nov, 2018 and ended on 16 Nov, 2018. This bearish trend lost -8.59% of investor capital.

On monthly basis, MIRZAINT delivered losses in more months over the last year, than profits. MIRZAINT delivered profits less regularly than NIFTY-50 index. MIRZAINT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -18.21% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MIRZAINT had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -18.77%. It is interesting to note that both MIRZAINT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"I turn up in Los Angeles every now and then, so I can get some big money films in order to finance my smaller money films.

MIRZAINT 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 MIRZAINT's volatility from 2 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 MIRZAINT has significant negative skewness in it's return distribution. This indicates that MIRZAINT is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than MIRZAINT. Therefore, NIFTY-50 must receive a lower allocation than MIRZAINT in your portfolio. NIFTY-50 index usually has shorter drawdown period than MIRZAINT.

On a general note (since you are interested in MIRZAINT), two instruments that deserve special mention are CUB and NIITTECH. They have significantly outperformed the overall market this year.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter