NITIN FIRE PROT IND. LTD. ranked among the worst performers today. It returned -3.03% to close at 1.6. It's recent 5 day performance has been -2.94%, -2.86%, -2.78%, 0.0% and +2.86%.
NITINFIRE is currently in a down trend. Over the last three months 3 bearish signals have generated a profit of +7.19% for investors.
NITINFIRE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jan, 2016. Over the last 3 years and 1 month, NITINFIRE underperformed the NIFTY-50 index on 56% days.
During the last three months NITINFIRE was mostly loss making and delivered on average -0.38% per day. It's best return during this period (of +5.0%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -9.52%) was on Wednesday, 24 Oct, 2018. There was initially a bullish trend during this period which started on 30 Oct, 2018 and went on till 16 Nov, 2018. The bullish trend returned +46.33% to investors. This was followed by a bearish trend that started on 19 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -25.68% of investor capital.
On monthly basis, NITINFIRE delivered losses in more months over the last year, than profits. NITINFIRE delivered profits less regularly than NIFTY-50 index. NITINFIRE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -27.43% compared to -6.42% returned by NIFTY-50 index in Sep 2018. NITINFIRE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -37.57%. It is interesting to note that both NITINFIRE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens
NITINFIRE 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 NITINFIRE's volatility from 23 Oct, 2018 to 16 Nov, 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 NITINFIRE has significant negative skewness in it's return distribution. This indicates that NITINFIRE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than NITINFIRE. Therefore, NIFTY-50 must receive a lower allocation than NITINFIRE in your portfolio. NIFTY-50 index usually has shorter drawdown period than NITINFIRE.
Based on your interest in NITINFIRE you may find it interesting to know that SHANKARA and JBFIND have both performed similar to NITINFIRE and can be considered by investors as alternative investment options.
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