77.7 +0.91 (+1.17%) Sell

Looking to invest in ORIENTCEM? Consider it, because it ranked better than it's peers

13 min read

ORIENT CEMENT LTD. ranked among the best performers on Friday. It delivered +1.17% to close at 77.7. On a day when the overall market breadth was 71%, it closed higher than 35% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.

[Themes containing ORIENTCEM]

ORIENTCEM showed a strong bearish trend over the last 3 months. During this period ORIENTCEM fell by -11.3% and saw a maximum drawdown of -17.32%. There was a short signal during this period which returned +11.3%.


ORIENTCEM has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 4 Oct, 2016 to 17 Jan, 2019. Over the last 3 years and 1 month, ORIENTCEM underperformed the NIFTY-50 index on 53% days.

During the last three months ORIENTCEM was mostly loss making and delivered on average -0.17% per day. It's best return during this period (of +6.06%) was on Wednesday, 19 Dec, 2018. While it's worst loss in the same period (of -4.57%) was on Monday, 5 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 22 Nov, 2018 and ended on 30 Nov, 2018. This bearish trend lost -7.36% of investor capital.

During the last year ORIENTCEM had 3 profitable months and 9 loss making months. ORIENTCEM returned profits in fewer months than NIFTY-50 index. ORIENTCEM was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -19.25% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ORIENTCEM had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Mar 2018 to Jun 2018) during which period it delivered -36.98%. It is interesting to note that both ORIENTCEM and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Money is not the only answer, but it makes a difference.
-- Barack Obama

ORIENTCEM 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 ORIENTCEM's volatility from 6 Nov, 2018 to 6 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 ORIENTCEM has significant negative skewness in it's return distribution. This indicates that ORIENTCEM is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in ORIENTCEM you may find it interesting to know that MERCK and SPLIL have both shown remarkable performance this year and deserve to be on every investors' watchlist.

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