PI INDUSTRIES LTD

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.

Trend

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.

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