THE PHOENIX MILLS LTD outperformed the broader market on Friday. It increased by +2.26% to close at 577.4. It is currently trading -19% below it's 52 week high of 718.45.
Buy-and-Hold investors in PHOENIXLTD experienced a maximum drawdown of -11.34% over the last three months. It increased by +6.43% during this bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
PHOENIXLTD has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 29 Feb, 2016 to 23 May, 2018. Over the last 3 years and 1 month, PHOENIXLTD outperformed the NIFTY-50 index on 49% days. Which indicates that on days PHOENIXLTD 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 PHOENIXLTD delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +4.79%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -3.2%) was on Wednesday, 5 Dec, 2018. The longest stort-term trend during this period was 9 losing days, which started on 13 Dec, 2018 and ended on 26 Dec, 2018. This bearish trend lost -10.11% of investor capital.
During the last year PHOENIXLTD had 6 profitable months and 6 loss making months. PHOENIXLTD returned profits in more months than NIFTY-50 index. PHOENIXLTD was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -12.14% compared to -6.42% returned by NIFTY-50 index in Sep 2018. PHOENIXLTD had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Jun 2018 to Sep 2018) during which period it delivered -20.78%. It is interesting to note that both PHOENIXLTD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Greed is not a financial issue. It's a heart issue.
-- Andy Stanley
PHOENIXLTD 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 PHOENIXLTD's volatility from 26 Oct, 2018 to 9 Jan, 2019. 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 PHOENIXLTD has significant negative skewness in it's return distribution. This indicates that PHOENIXLTD is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than PHOENIXLTD. Therefore, NIFTY-50 must receive a lower allocation than PHOENIXLTD in your portfolio. NIFTY-50 index usually has shorter drawdown period than PHOENIXLTD.
Based on your interest in PHOENIXLTD you may find it interesting to know that LTTS, CUB and HATSUN are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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