NOIDA TOLL BRIDGE CO LTD underperformed broader market on Friday. It fell by -0.7% to close at 7.1. It is currently trading -55% below it's 52 week high of 15.85.
Buy-and-Hold investors in NOIDATOLL experienced a maximum drawdown of -23.66% over the last three months. It fell by -5.96% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +2.27%.
NOIDATOLL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 15 Mar, 2016 to 28 Sep, 2018. Over the last 3 years and 1 month, NOIDATOLL underperformed the NIFTY-50 index on 57% days.
NOIDATOLL returned losses on 69% days in the last three months. During this time, it delivered on average -0.03% per day. It delivered it's best daily return of +12.32%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +24.62%) started on 29 Oct, 2018 and went on till 1 Nov, 2018 while the bearish trend (which returned -14.76%) started on 13 Nov, 2018 and went on till 16 Nov, 2018.
During the last year NOIDATOLL had 3 profitable months and 9 loss making months. NOIDATOLL returned profits in fewer months than NIFTY-50 index. NOIDATOLL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -26.2% compared to -6.42% returned by NIFTY-50 index in Sep 2018. NOIDATOLL had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -32.93%. It is interesting to note that both NOIDATOLL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"In this world nothing can be said to be certain, except death and taxes.
NOIDATOLL is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in NOIDATOLL's volatility from 19 Oct, 2018 to 17 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 NOIDATOLL has significant negative skewness in it's return distribution. This indicates that NOIDATOLL is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than NOIDATOLL. Therefore, NIFTY-50 must receive a lower allocation than NOIDATOLL in your portfolio. NIFTY-50 index usually has shorter drawdown period than NOIDATOLL.
Based on your interest in NOIDATOLL you may find it interesting to know that ~MKTCAP201TO250 has shown remarkable performance and deserves to be on every investors' watchlist.
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