214.35 +7.18 (+3.35%) Buy

Want to invest in PRESTIGE? Consider as it delivered stellar performance

13 min read

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.

[Themes containing PRESTIGE]

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).

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter