MUKAND ENGINEERS LIMITED ranked better than it's peers on Wednesday. It delivered +0.71% to close at 21.15. It is currently trading -60% below it's 52 week high of 53.65.
MUKANDENGG is currently in a bearish trend. Over the last three months trading short signals has not been a profitable strategy for MUKANDENGG's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -2.98%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to MUKANDENGG.
MUKANDENGG has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 15 May, 2017 to 4 Dec, 2018. Over the last 3 years and 1 month, MUKANDENGG underperformed the NIFTY-50 index on 55% days.
During the last three months MUKANDENGG was mostly loss making and delivered on average 0.0% per day. It's best return during this period (of +19.86%) was on Tuesday, 18 Dec, 2018. While it's worst loss in the same period (of -5.74%) was on Monday, 10 Dec, 2018. The longest stort-term trends during this period were 6 profitable and losing days. The bullish trend (which returned +9.74%) started on 26 Oct, 2018 and went on till 2 Nov, 2018 while the bearish trend (which returned -12.02%) started on 20 Dec, 2018 and went on till 28 Dec, 2018.
The last 12 months saw MUKANDENGG's investors making profits in 4 months and incurring losses in 8 months. During the last year, MUKANDENGG and NIFTY-50 index had the same number of profitable months. MUKANDENGG was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -25.76% compared to -6.42% returned by NIFTY-50 index in Sep 2018. MUKANDENGG had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -37.87%. It is interesting to note that both MUKANDENGG and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"There is a huge amount of freedom that is derived from not fighting the market.
MUKANDENGG 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 MUKANDENGG's volatility from 25 Oct, 2018 to 17 Dec, 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 MUKANDENGG has significant negative skewness in it's return distribution. This indicates that MUKANDENGG is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than MUKANDENGG. Therefore, NIFTY-50 must receive a lower allocation than MUKANDENGG in your portfolio. NIFTY-50 index usually has shorter drawdown period than MUKANDENGG.
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