PETRONET LNG LIMITED delivered massive losses today. It delivered -1.53% to close at 218.55. During the last week it increased by +0.74% and saw a maximum drawdown of -1.53% before bouncing back.
PETRONET is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +2.46%) for PETRONET's investors than trading long signals.
PETRONET has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 8 Apr, 2016 to 23 Oct, 2017. Over the last 3 years and 1 month, PETRONET outperformed the NIFTY-50 index on 49% days. Which indicates that on days PETRONET 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 PETRONET delivered losses on 62% days. However, it still managed to end this period in a profit. It's best return during this period (of +4.02%) was on Monday, 26 Nov, 2018. While it's worst loss in the same period (of -3.66%) was on Thursday, 15 Nov, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +8.53%) started on 12 Dec, 2018 and went on till 17 Dec, 2018 while the bearish trend (which returned -4.97%) started on 1 Nov, 2018 and went on till 6 Nov, 2018.
The last 12 months saw PETRONET's investors making profits in 4 months and incurring losses in 8 months. PETRONET was less consistent in delivering monthly returs than NIFTY-50 index. PETRONET significantly outperformed NIFTY-50 index in Aug 2018, when it returned +8.41% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. PETRONET had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -14.93%. It is interesting to note that both PETRONET and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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PETRONET is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in PETRONET's volatility from 19 Oct, 2018 to 5 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 PETRONET 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.
Investors trading in PETRONET derivatives at this moment can consider 'Protective Collar' options strategy to receive better risk-adjusted returns.
PETRONET has more chance of extreme outcomes than the NIFTY-50 index. Therefore, PETRONET must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than PETRONET.
Based on your interest in PETRONET you may find it interesting to know that VINATIORGA is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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