NAVIN FLUORINE INT. LTD

660.1 +3.11 (+0.47%) Buy

NAVINFLUOR investors considering profit booking at current levels

13 min read

NAVIN FLUORINE INT. LTD showed marginal outperformance on Tuesday. It increased by +0.47% to close at 660.1. It is currently trading -19% below it's 52 week high of 824.5.

[Themes containing NAVINFLUOR]

NAVINFLUOR is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +2.46%) for NAVINFLUOR's investors than trading long signals.

Trend

NAVINFLUOR has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 22 Mar, 2016 to 26 Dec, 2017. Over the last 3 years and 1 month, NAVINFLUOR outperformed the NIFTY-50 index on 47% days. Which indicates that on days NAVINFLUOR outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months NAVINFLUOR delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +7.08%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -5.87%) was on Wednesday, 31 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 14 Nov, 2018 and went on till 22 Nov, 2018. This bullish trend returned +8.42% to investors.

The last 12 months saw NAVINFLUOR's investors making profits in 5 months and incurring losses in 7 months. During the last year, NAVINFLUOR and NIFTY-50 index had the same number of profitable months. NAVINFLUOR was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -10.86% compared to -6.42% returned by NIFTY-50 index in Sep 2018. NAVINFLUOR had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Mar 2018 to Jun 2018) during which period it delivered -24.92%.

It's good to have money and the things that money can buy, but It's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.
-- George Lorimer

NAVINFLUOR 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 NAVINFLUOR's volatility from 31 Oct, 2018 to 21 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 NAVINFLUOR has significant negative skewness in it's return distribution. This indicates that NAVINFLUOR is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in NAVINFLUOR), MERCK has performed really well this year and deserves to be closely tracked for investment opportunities.

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