Want to invest in PRESTIGE? Consider as it delivered stellar performance
22 Jan, 201913 min read
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PRESTIGE delivered stellar performance today. On a longer term basis, investors in PRESTIGE ESTATE LTD made +0.03% per day. Tuesday's performance of +3.35% was a significant outperformance compared to it's daily average.
PRESTIGE showed a strong up trend over the last 3 months. During this period PRESTIGE gained +11.18% and saw a maximum drawdown of -12.01%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in PRESTIGE till volatility reduces and a clear trend emerges.
PRESTIGE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 1 Dec, 2017. Over the last 3 years and 1 month, PRESTIGE underperformed the NIFTY-50 index on 54% days.
PRESTIGE returned losses on 54% days in the last three months. During this time, it delivered on average +0.21% per day. It delivered it's best daily return of +9.18%, during this period, on Friday, 30 Nov, 2018. There was initially a bearish trend during this period which started on 9 Nov, 2018 and went on till 15 Nov, 2018. The trend delivered -6.81% losses to investors. This was followed by a bullish trend that started on 26 Nov, 2018 and ended on 30 Nov, 2018. This bullish trend delivered +23.61% to investors.
On monthly basis, PRESTIGE delivered losses in more months over the last year, than profits. PRESTIGE delivered profits less regularly than NIFTY-50 index. PRESTIGE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -18.98% compared to -6.42% returned by NIFTY-50 index in Sep 2018. PRESTIGE had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -36.13%.
"Cash combined with courage in a time of crisis is priceless.
PRESTIGE 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 surge in PRESTIGE's volatility from 27 Nov, 2018 to 30 Nov, 2018. 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 PRESTIGE has significant negative skewness in it's return distribution. This indicates that PRESTIGE is very risky for short-term investment and can significantly underperform for long durations.
PRESTIGE has more chance of extreme outcomes than the NIFTY-50 index. Therefore, PRESTIGE must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than PRESTIGE.
Based on your interest in PRESTIGE you may find it interesting to know that IEX and TIDEWATER are highly volatile and therefore risky. Investors should consider limiting their exposure to these instruments (because of their volatile nature).
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