PIONEER DIST LTD

167.5 +1.01 (+0.6%) Buy

PIONDIST continues it's uptrend, although on a weaker note

13 min read

PIONDIST managed to marginally outperform the broader market today. On a longer term basis, investors in PIONEER DIST LTD made +0.26% per day. Wednesday's performance of +0.6% was a significant outperformance compared to it's daily average.

[Themes containing PIONDIST]

PIONDIST showed a up trend over the last 3 months. During this period PIONDIST gained +6.11% and saw a maximum drawdown of -13.23%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in PIONDIST till volatility reduces and a clear trend emerges.

Trend

PIONDIST has been underperforming the NIFTY-50 index in recent time, after having outperformed till 4 Jan, 2016. Over the last 3 years and 1 month, PIONDIST underperformed the NIFTY-50 index on 57% days.

PIONDIST returned losses on 59% days in the last three months. During this time, it delivered on average +0.12% per day. It delivered it's best daily return of +9.99%, during this period, on Wednesday, 19 Dec, 2018. There was initially a bullish trend during this period which started on 30 Nov, 2018 and went on till 5 Dec, 2018. The bullish trend returned +13.37% to investors. This was followed by a bearish trend that started on 31 Dec, 2018 and ended on 7 Jan, 2019. This bearish trend lost -5.69% of investor capital.

PIONDIST had 3 profitable and 9 loss making months over the last year. During the last year, PIONDIST underperformed NIFTY-50 index on monthly return basis. PIONDIST significantly outperformed NIFTY-50 index in Apr 2018, when it returned +97.4% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. PIONDIST had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from May 2018 to Sep 2018) during which period it delivered -68.59%. It is interesting to note that both PIONDIST and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"The underlying principles of sound investment should not alter from decade to decade, but the application of these principles must be adapted to significant changes in the financial mechanisms and climate.

PIONDIST 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 PIONDIST's volatility from 24 Oct, 2018 to 21 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 PIONDIST has significant negative skewness in it's return distribution. This indicates that PIONDIST is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in PIONDIST), VINATIORGA is a small cap that deserves to be closely tracked for investment opportunities.

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