NRB BEARING LIMITED

208.55 -7.75 (-3.72%) Buy

Stop-loss on the minds of NRBBEARING investors as it underperforms

13 min read

NRB BEARING LIMITED was among the worst performers on Friday. It lost -3.72% to close at 208.55. It is currently trading +42% above it's 52 week low of 145.85 and is down only -4% from it's 52 week high.

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NRBBEARING is currently in a up trend. The current bullish signal has generated a profit of +26.24% for NRBBEARING's investors in the last three months.

Trend

NRBBEARING has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, NRBBEARING outperformed the NIFTY-50 index on 48% days. Which indicates that on days NRBBEARING outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months NRBBEARING was mostly profitable and delivered on average +0.47% per day. It's best return during this period (of +10.33%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -4.39%) was on Wednesday, 19 Dec, 2018. There was initially a bearish trend during this period which started on 18 Dec, 2018 and went on till 26 Dec, 2018. The trend delivered -12.6% losses to investors. This was followed by a bullish trend that started on 10 Jan, 2019 and ended on 17 Jan, 2019. This bullish trend delivered +7.81% to investors.

NRBBEARING had 7 profitable and 5 loss making months over the last year. NRBBEARING was profitable in more months than NIFTY-50 index. NRBBEARING significantly outperformed NIFTY-50 index in Nov 2018, when it returned +19.08% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. NRBBEARING had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +28.64%. It is interesting to note that both NRBBEARING and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Money never made a man happy yet, nor will it. The more a man has, the more he wants. Instead of filling a vacuum, it makes one.
-- Benjamin Franklin

NRBBEARING 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 NRBBEARING's volatility from 30 Oct, 2018 to 12 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 NRBBEARING has significant negative skewness in it's return distribution. This indicates that NRBBEARING is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in NRBBEARING), three small cap instruments that deserve special mention are NIITTECH, VINATIORGA and RESPONIND. They have all outperformed the market and must be closely watched for investment opportunities.

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