21.15 +0.15 (+0.71%) Sell

Joy for MUKANDENGG investors as it manages to marginally outperform broader market

13 min read

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.

[Themes containing MUKANDENGG]

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.

Based on your interest in MUKANDENGG you may find it interesting to know that HATSUN, SPLIL and LTTS have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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