863.5 +12.68 (+1.47%) Buy

PIIND investors holding on and letting their profits run

13 min read

PI INDUSTRIES LTD delivered stellar performance today. It gained +1.47% to close at 863.5. It's recent 5 day performance has been -0.54%, -0.01%, +2.47%, -0.84% and -0.21%.

[Themes containing PIIND]

PIIND is currently in a up trend. Over the last three months 2 bullish signals in PIIND have generated a profit of +5.98% for investors.


PIIND has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, PIIND underperformed the NIFTY-50 index on 53% days.

PIIND was profitable on 53% days in the last three months. During this time, it delivered on average +0.28% per day. It delivered it's best daily return of +4.43%, during this period, on Friday, 9 Nov, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 6 Nov, 2018. The bullish trend returned +14.47% to investors. This was followed by a bearish trend that started on 26 Nov, 2018 and ended on 5 Dec, 2018. This bearish trend lost -6.87% of investor capital.

PIIND had 6 profitable and 6 loss making months over the last year. PIIND was profitable in more months than NIFTY-50 index. PIIND significantly outperformed NIFTY-50 index in Oct 2018, when it returned +11.38% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. PIIND had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +22.72%. It is interesting to note that both PIIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Be quick in cutting your loses but not profits
-- Abhishek Shukla

PIIND is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in PIIND's volatility from 23 Oct, 2018 to 8 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 PIIND has significant negative skewness in it's return distribution. This indicates that PIIND is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in PIIND you may find it interesting to know that SRIPIPES, NIFTY50-DIV-POINT and ~HOMEAPPLIANCES are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter