POLYPLEX performed worse than the broader market today. On a longer term basis, investors in POLYPLEX CORPORATION LTD made +0.16% per day. Wednesday's performance of -0.7% was a underperformance compared to it's daily average.
Buy-and-Hold investors in POLYPLEX experienced a maximum drawdown of -19.18% over the last three months. It delivered +0.27% during this flat trending period. There were both Long and Short signals during this period, while the long signals were marginally more profitable than the short signals. The net profit from Long signals was +2.84%.
POLYPLEX has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 5 Apr, 2016 to 17 Sep, 2018. Over the last 3 years and 1 month, POLYPLEX outperformed the NIFTY-50 index on 47% days. Which indicates that on days POLYPLEX 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 POLYPLEX delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +5.97%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -3.7%) was on Monday, 10 Dec, 2018. The longest stort-term trends during this period were 6 profitable and losing days. The bullish trend (which returned +10.68%) started on 29 Oct, 2018 and went on till 5 Nov, 2018 while the bearish trend (which returned -8.6%) started on 26 Nov, 2018 and went on till 3 Dec, 2018.
The last 12 months saw POLYPLEX's investors making profits in 6 months and incurring losses in 6 months. During the last year, POLYPLEX delivered profits in more months than NIFTY-50 index. POLYPLEX significantly outperformed NIFTY-50 index in Aug 2018, when it returned +29.9% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. POLYPLEX and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both POLYPLEX and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Not everything that can be counted counts, and not everything that counts can be counted.
-- Albert Einstein
POLYPLEX 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 POLYPLEX's volatility from 2 Nov, 2018 to 18 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 POLYPLEX has significant negative skewness in it's return distribution. This indicates that POLYPLEX is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than POLYPLEX. Therefore, NIFTY-50 must receive a lower allocation than POLYPLEX in your portfolio. NIFTY-50 index usually has shorter drawdown period than POLYPLEX.
Based on your interest in POLYPLEX you may find it interesting to know that KARURVYSYA, HATSUN and LTTS are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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