22969.7 -292.34 (-1.27%) Sell

Search for alternative investments is on for PAGEIND investors as it ranked worse than it's peers

14 min read

PAGE INDUSTRIES LTD showed weakness on Friday. It delivered -1.27% to close at 22969.7. On a day when the overall market breadth was 71%, it closed higher than 73% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.

[Themes containing PAGEIND]

Buy-and-Hold investors in PAGEIND experienced a maximum drawdown of -27.09% over the last three months. It delivered -20.23% during this strong 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 +12.24%.


PAGEIND has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 3 Mar, 2016 to 29 Aug, 2018. Over the last 3 years and 1 month, PAGEIND outperformed the NIFTY-50 index on 45% days. Which indicates that on days PAGEIND 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 PAGEIND was mostly loss making and delivered on average -0.32% per day. It's best return during this period (of +7.35%) was on Friday, 30 Nov, 2018. While it's worst loss in the same period (of -8.27%) was on Thursday, 15 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 12 Nov, 2018 and ended on 16 Nov, 2018. This bearish trend lost -16.53% of investor capital.

The last 12 months saw PAGEIND's investors making profits in 7 months and incurring losses in 5 months. During the last year, PAGEIND delivered profits in more months than NIFTY-50 index. PAGEIND significantly outperformed NIFTY-50 index in Aug 2018, when it returned +18.73% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. PAGEIND had a longer winning streak of profitable months than NIFTY-50 index. It went up in 7 straight months (from Feb 2018 to Aug 2018) during which period it delivered +50.94%.

"The monarchy is foremost a business, and it's important to them that the British public continue to finance the excessive luxurious lifestyles of the now quite enormous, wasteful and useless 'royal' family. I find it very sad.

PAGEIND 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 PAGEIND's volatility from 19 Oct, 2018 to 27 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 PAGEIND has significant negative skewness in it's return distribution. This indicates that PAGEIND is very risky for short-term investment and can significantly underperform for long durations.

Investors trading in PAGEIND derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.

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

Based on your interest in PAGEIND you may find it interesting to know that HATSUN, CUB and NIITTECH have all shown remarkable performance this year and deserve to be on every investor's watchlist.

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