NAUKRI investors make good profits
22 Jan, 201913 min read
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INFO EDGE (I) LTD outperformed on Tuesday. It surged by +5.66% to close at 1632.15. On a day when the overall market breadth was 70%, it closed higher than 65% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
NAUKRI is currently in a bullish trend. The current bullish signal has generated a profit of +9.31% for NAUKRI's investors in the last three months.
NAUKRI has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 26 Apr, 2017 to 25 Oct, 2018. Over the last 3 years and 1 month, NAUKRI outperformed the NIFTY-50 index on 49% days. Which indicates that on days NAUKRI outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
NAUKRI returned losses on 54% days in the last three months. During this time, it delivered on average +0.18% per day. It delivered it's best daily return of +8.36%, during this period, on Tuesday, 11 Dec, 2018. The longest stort-term trend during this period was 8 losing days, which started on 26 Oct, 2018 and ended on 6 Nov, 2018. This bearish trend lost -15.25% of investor capital.
During the last year NAUKRI had 6 profitable months and 6 loss making months. NAUKRI returned profits in more months than NIFTY-50 index. NAUKRI significantly outperformed NIFTY-50 index in Aug 2018, when it returned +19.83% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. NAUKRI and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both NAUKRI and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Beware of little expenses. A small leak will sink a great ship.
NAUKRI is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in NAUKRI's volatility from 24 Oct, 2018 to 22 Nov, 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 NAUKRI has significant negative skewness in it's return distribution. This indicates that NAUKRI is very risky for short-term investment and can significantly underperform for long durations.
NAUKRI has more chance of extreme outcomes than the NIFTY-50 index. Therefore, NAUKRI must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than NAUKRI.
On a general note (since you are interested in NAUKRI), three mid cap instruments that deserve special mention are LTTS, BATAINDIA and LTI. They have all outperformed the market and must be closely watched for investment opportunities.
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