PATSPIN INDIA LTD managed to outperform the broader market on Friday. It delivered 0.0% to close at 12.4. It is currently trading -58% below it's 52 week high of 29.8.
PATSPINLTD showed a strong bullish trend over the last 3 months. During this period PATSPINLTD surged by +20.98% and saw a maximum drawdown of -19.43%. There was a long signal during this period which returned +5.08%.
PATSPINLTD has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 17 Nov, 2017 to 28 Sep, 2018. Over the last 3 years and 1 month, PATSPINLTD underperformed the NIFTY-50 index on 52% days.
PATSPINLTD returned losses on 54% days in the last three months. During this time, it delivered on average +0.4% per day. It delivered it's best daily return of +19.92%, during this period, on Wednesday, 28 Nov, 2018. The longest stort-term trend during this period was 8 profitable days, which started on 2 Jan, 2019 and went on till 11 Jan, 2019. This bullish trend returned +5.71% to investors.
The last 12 months saw PATSPINLTD's investors making profits in 4 months and incurring losses in 8 months. PATSPINLTD was less consistent in delivering monthly returs than NIFTY-50 index. PATSPINLTD was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -37.59% compared to -6.42% returned by NIFTY-50 index in Sep 2018. PATSPINLTD had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -32.38%. It is interesting to note that both PATSPINLTD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Never spend your money before you have earned it.
-- Thomas Jefferson
PATSPINLTD 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 PATSPINLTD's volatility from 22 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 PATSPINLTD has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
NIFTY-50 index has more chance of extreme outcomes than PATSPINLTD. Therefore, NIFTY-50 must receive a lower allocation than PATSPINLTD in your portfolio. NIFTY-50 index usually has shorter drawdown period than PATSPINLTD.
Based on your interest in PATSPINLTD you may find it interesting to know that ~HOMEAPPLIANCES is highly volatile and investors investing in it must take extreme caution. Consider either reducing your exposure to ~HOMEAPPLIANCES or sufficiently diversifying your portfolio.
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