5.6 -0.28 (-5.08%) Buy

Stop-loss on the minds of NITESHEST investors as it ranked worse than it's peers

13 min read

NITESHEST was among the worst performers today. On a longer term basis, investors in NITESH ESTATES LTD made -0.02% per day. Friday's performance of -5.08% was a significant underperformance compared to it's daily average.

[Themes containing NITESHEST]

Buy-and-Hold investors in NITESHEST experienced a maximum drawdown of -18.84% over the last three months. It grew by +2.75% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.


NITESHEST has been underperforming the NIFTY-50 index in recent time, after having outperformed till 12 Jan, 2018. Over the last 3 years and 1 month, NITESHEST underperformed the NIFTY-50 index on 57% days.

During the last three months NITESHEST delivered losses on 62% days. However, it still managed to end this period in a profit. It's best return during this period (of +19.27%) was on Tuesday, 8 Jan, 2019. While it's worst loss in the same period (of -5.31%) was on Thursday, 15 Nov, 2018. There was initially a bearish trend during this period which started on 25 Oct, 2018 and went on till 1 Nov, 2018. The trend delivered -9.26% losses to investors. This was followed by a bullish trend that started on 21 Nov, 2018 and ended on 29 Nov, 2018. This bullish trend delivered +13.21% to investors.

On monthly basis, NITESHEST delivered losses in more months over the last year, than profits. NITESHEST delivered profits less regularly than NIFTY-50 index. NITESHEST was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -25.4% compared to -6.42% returned by NIFTY-50 index in Sep 2018. NITESHEST and NIFTY-50 index, both had periods of 3 consecutive profitable months. It is interesting to note that both NITESHEST and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"I'm involved in the stock market, which is fun and, sometimes, very painful.

NITESHEST is becoming more 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 NITESHEST's volatility from 22 Oct, 2018 to 7 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 NITESHEST has significant negative skewness in it's return distribution. This indicates that NITESHEST is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in NITESHEST), LTTS is a mid cap that 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