ORIENTAL CARBN & CHEM LTD

1148.95 -1.95 (-0.17%) Buy

OCCL investors not showing any loss of confidence as it pauses to catch its breath

13 min read

ORIENTAL CARBN & CHEM LTD underperformed today. It delivered -0.17% to close at 1148.95. It's recent 5 day performance has been -0.64%, +0.53%, +0.28%, -0.09% and +0.08%.

[Themes containing OCCL]

OCCL is currently in a bullish trend. Over the last three months 2 bullish signals in OCCL have generated a profit of +14.02% for investors.

Trend

OCCL has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 7 Jun, 2016 to 8 Jan, 2018. Over the last 2 years and 12 months, OCCL outperformed the NIFTY-50 index on 46% days. Which indicates that on days OCCL outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

OCCL returned losses on 54% days in the last three months. During this time, it delivered on average +0.31% per day. It delivered it's best daily return of +5.11%, during this period, on Wednesday, 14 Nov, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 26 Oct, 2018 and went on till 2 Nov, 2018. This bullish trend returned +15.73% to investors.

The last 12 months saw OCCL's investors making profits in 4 months and incurring losses in 8 months. OCCL was less consistent in delivering monthly returs than NIFTY-50 index. OCCL significantly outperformed NIFTY-50 index in Jul 2018, when it returned +17.75% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. OCCL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both OCCL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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OCCL 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 OCCL's volatility from 1 Nov, 2018 to 11 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 OCCL has significant negative skewness in it's return distribution. This indicates that OCCL is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in OCCL you may find it interesting to know that BRITANNIA is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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