MRPL significantly underperformed on Friday. It fell by -1.42% to close at 69.35. It is currently trading -46% below it's 52 week high of 129.5.
Buy-and-Hold investors in MRPL experienced a maximum drawdown of -17.65% over the last three months. It fell by -17.59% during this strong bearish trending period. There were no long signals during this period, where the short signal generated good profits of +17.59% for investors.
MRPL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 31 Oct, 2017 to 9 Oct, 2018. Over the last 3 years and 1 month, MRPL underperformed the NIFTY-50 index on 54% days.
During the last three months MRPL was mostly loss making and delivered on average -0.29% per day. It's best return during this period (of +4.23%) was on Thursday, 20 Dec, 2018. While it's worst loss in the same period (of -4.18%) was on Wednesday, 28 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 15 Nov, 2018 and ended on 22 Nov, 2018. This bearish trend lost -9.24% of investor capital.
During the last year MRPL had 3 profitable months and 9 loss making months. MRPL returned profits in fewer months than NIFTY-50 index. MRPL significantly outperformed NIFTY-50 index in Oct 2018, when it returned +17.55% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. MRPL had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -43.5%. It is interesting to note that both MRPL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"If all the economists were laid end to end, they'd never reach a conclusion.
MRPL is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in MRPL's volatility from 19 Oct, 2018 to 17 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 MRPL has significant negative skewness in it's return distribution. This indicates that MRPL is very risky for short-term investment and can significantly underperform for long durations.
Investors trading in MRPL derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
NIFTY-50 index has more chance of extreme outcomes than MRPL. Therefore, NIFTY-50 must receive a lower allocation than MRPL in your portfolio. NIFTY-50 index usually has shorter drawdown period than MRPL.
Based on your interest in MRPL you may find it interesting to know that HITECHCORP and TRITURBINE have both performed similar to MRPL and can be considered by investors as alternative investment options.
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