885.35 -13.15 (-1.49%) Sell

PNBHOUSING is a falling knife, continues to bleed every investor trying to catch it

13 min read

PNB HOUSING FIN LTD. was among the worst performers today. It delivered -1.49% to close at 885.35. It's recent 5 day performance has been -0.24%, +1.25%, +0.55%, -2.0% and -0.61%.

[Themes containing PNBHOUSING]

PNBHOUSING is currently in a bearish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +25.16%) for PNBHOUSING's investors than shorting it.


PNBHOUSING has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 13 Jun, 2017 to 19 Oct, 2018. Over the last 2 years 2 months and 11 days, PNBHOUSING underperformed the NIFTY-50 index on 52% days.

PNBHOUSING was profitable on 50% days in the last three months. During this time, it delivered on average +0.4% per day. It delivered it's best daily return of +9.32%, during this period, on Wednesday, 31 Oct, 2018. The longest stort-term trend during this period was 13 profitable days, which started on 29 Oct, 2018 and went on till 15 Nov, 2018. This bullish trend returned +36.49% to investors.

The last 12 months saw PNBHOUSING's investors making profits in 6 months and incurring losses in 6 months. During the last year, PNBHOUSING delivered profits in more months than NIFTY-50 index. PNBHOUSING was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -34.69% compared to -6.42% returned by NIFTY-50 index in Sep 2018. PNBHOUSING and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both PNBHOUSING and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Financial support is one thing, but I always think what becomes really sacrificial is your time.
-- Cliff Richard

PNBHOUSING is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in PNBHOUSING's volatility from 31 Oct, 2018 to 7 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 PNBHOUSING has positive skewness in it's return distribution. This indicates that investors can expect PNBHOUSING to make attempts to recover from drawdowns quickly. Which makes PNBHOUSING a good candidate for momentum based trading on short-term bullish trends or counter-trends.

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

Based on your interest in PNBHOUSING you may find it interesting to know that HATSUN and LTTS are both mid caps that have shown remarkable performance and deserve to be on every investors' watchlist.

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