NECTAR LIFESCIENCES LTD. was among the worst performers today. It returned -3.04% to close at 19.15. During the last week it returned -4.96% and saw a maximum drawdown of -4.96%.
NECLIFE is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +5.32% for investors.
NECLIFE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 6 Jan, 2016. Over the last 3 years and 1 month, NECLIFE underperformed the NIFTY-50 index on 55% days.
NECLIFE returned losses on 64% days in the last three months. During this time, it delivered on average -0.17% per day. It delivered it's best daily return of +5.22%, during this period, on Tuesday, 11 Dec, 2018. There was initially a bearish trend during this period which started on 3 Dec, 2018 and went on till 10 Dec, 2018. The trend delivered -9.38% losses to investors. This was followed by a bullish trend that started on 27 Dec, 2018 and ended on 1 Jan, 2019. This bullish trend delivered +3.49% to investors.
On monthly basis, NECLIFE delivered losses in more months over the last year, than profits. NECLIFE delivered profits less regularly than NIFTY-50 index. NECLIFE significantly outperformed NIFTY-50 index in Aug 2018, when it returned +39.31% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. NECLIFE had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Feb 2018 to Jul 2018) during which period it delivered -50.42%. It is interesting to note that both NECLIFE 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.
NECLIFE 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 NECLIFE's volatility from 21 Dec, 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 NECLIFE has significant negative skewness in it's return distribution. This indicates that NECLIFE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than NECLIFE. Therefore, NIFTY-50 must receive a lower allocation than NECLIFE in your portfolio. NIFTY-50 index usually has shorter drawdown period than NECLIFE.
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