NAVA BHARAT VENTURES LIMI underperformed on Friday. It lost -0.36% to close at 110.85. It is currently trading -38% below it's 52 week high of 179.95.
NBVENTURES showed a down trend over the last 3 months. During this period NBVENTURES lost -4.36% and saw a maximum drawdown of -11.81%. There was a short signal during this period which returned +4.36%.
NBVENTURES has been underperforming the NIFTY-50 index in recent time, after having outperformed till 15 Jan, 2018. Over the last 3 years and 1 month, NBVENTURES underperformed the NIFTY-50 index on 54% days.
During the last three months NBVENTURES was mostly loss making and delivered on average -0.06% per day. It's best return during this period (of +3.76%) was on Friday, 2 Nov, 2018. While it's worst loss in the same period (of -4.04%) was on Monday, 26 Nov, 2018. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 2 Nov, 2018. The bullish trend returned +13.4% to investors. This was followed by a bearish trend that started on 8 Jan, 2019 and ended on 11 Jan, 2019. This bearish trend lost -2.6% of investor capital.
NBVENTURES had 4 profitable and 8 loss making months over the last year. During the last year, NBVENTURES underperformed NIFTY-50 index on monthly return basis. NBVENTURES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -13.95% compared to -6.42% returned by NIFTY-50 index in Sep 2018. NBVENTURES had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -15.12%. It is interesting to note that both NBVENTURES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
The stock market is a discounter of all known information.
-- Kenneth Fisher
NBVENTURES is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in NBVENTURES's volatility from 5 Nov, 2018 to 8 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 NBVENTURES has significant negative skewness in it's return distribution. This indicates that NBVENTURES is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than NBVENTURES. Therefore, NIFTY-50 must receive a lower allocation than NBVENTURES in your portfolio. NIFTY-50 index usually has shorter drawdown period than NBVENTURES.
On a general note (since you are interested in NBVENTURES), three instruments that have performed similar to NBVENTURES are ADORWELD, GOCLCORP and NIITLTD. They must all be evaluated as alternative investment options and for diversification.
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