NARAYANA HRUDAYALAYA LTD. delivered lacklustre performance today. It returned -0.2% to close at 197.6. During the last week it returned -1.32% and saw a maximum drawdown of -3.07% before bouncing back.
Buy-and-Hold investors in NH experienced a maximum drawdown of -25.05% over the last three months. It returned -5.39% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
NH returned losses on 61% days in the last three months. During this time, it delivered on average -0.07% per day. It delivered it's best daily return of +5.56%, during this period, on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 23 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +17.95% to investors. This was followed by a bearish trend that started on 24 Dec, 2018 and ended on 1 Jan, 2019. This bearish trend lost -6.41% of investor capital.
On monthly basis, NH delivered losses in more months over the last year, than profits. NH delivered profits less regularly than NIFTY-50 index. NH was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -15.35% compared to -6.42% returned by NIFTY-50 index in Sep 2018. NH had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Aug 2018 to Dec 2018) during which period it delivered -22.81%. It is interesting to note that both NH and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I have probably purchased fifty 'hot tips' in my career, maybe even more. When I put them all together, I know I am a net loser.
-- Charles Schwab
NH 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 NH's volatility from 10 Dec, 2018 to 3 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 NH has significant negative skewness in it's return distribution. This indicates that NH is very risky for short-term investment and can significantly underperform for long durations.
On a general note (since you are interested in NH), IGARASHI is a small cap that deserves to be closely tracked for investment opportunities.
... 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