NETWORK18 MEDIA & INV LTD was among the worst performers on Friday. It lost -2.78% to close at 38.45. On a day when the overall market breadth was 71%, it closed higher than 26% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
NETWORK18 is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +5.5% for investors.
NETWORK18 has been underperforming the NIFTY-50 index in recent time, after having outperformed till 11 Jan, 2016. Over the last 3 years and 1 month, NETWORK18 underperformed the NIFTY-50 index on 56% days.
During the last three months NETWORK18 was mostly loss making and delivered on average -0.15% per day. It's best return during this period (of +5.11%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -3.21%) was on Monday, 24 Dec, 2018. There was initially a bearish trend during this period which started on 22 Oct, 2018 and went on till 26 Oct, 2018. The trend delivered -4.75% losses to investors. This was followed by a bullish trend that started on 26 Dec, 2018 and ended on 31 Dec, 2018. This bullish trend delivered +8.19% to investors.
NETWORK18 had 4 profitable and 8 loss making months over the last year. During the last year, NETWORK18 underperformed NIFTY-50 index on monthly return basis. NETWORK18 significantly outperformed NIFTY-50 index in Mar 2018, when it returned +18.16% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. NETWORK18 had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -34.59%. It is interesting to note that both NETWORK18 and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"All intelligent investing is value investing - acquiring more that you are paying for. You must value the business in order to value the stock.
NETWORK18 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 surge in NETWORK18's volatility from 26 Nov, 2018 to 28 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 NETWORK18 has significant negative skewness in it's return distribution. This indicates that NETWORK18 is very risky for short-term investment and can significantly underperform for long durations.
NETWORK18 has more chance of extreme outcomes than the NIFTY-50 index. Therefore, NETWORK18 must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than NETWORK18.
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