Profit booking on the minds of PRIMESECU investors as it performed better than the broader market
23 Jan, 201913 min read
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PRIME SECURITIES LIMITED is looking better than most other alternatives today. It grew by +1.08% to close at 42.2. It's recent 5 day performance has been -2.22%, -1.61%, -1.36%, -1.57% and -1.87%.
PRIMESECU is currently in a up trend. Over the last three months 2 bullish signals in PRIMESECU have generated a profit of +7.67% for investors.
PRIMESECU has been underperforming the NIFTY-50 index in recent time, after having outperformed till 18 Dec, 2017. Over the last 3 years and 1 month, PRIMESECU outperformed the NIFTY-50 index on 49% days. Which indicates that on days PRIMESECU 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 PRIMESECU delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.68%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -6.78%) was on Thursday, 6 Dec, 2018. There was initially a bullish trend during this period which started on 6 Nov, 2018 and went on till 12 Nov, 2018. The bullish trend returned +16.32% to investors. This was followed by a bearish trend that started on 16 Jan, 2019 and ended on 22 Jan, 2019. This bearish trend lost -8.63% of investor capital.
On monthly basis, PRIMESECU delivered profits and losses in equal number of months. PRIMESECU delivered profits in more months than NIFTY-50 index. PRIMESECU significantly outperformed NIFTY-50 index in Nov 2018, when it returned +17.8% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. PRIMESECU and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both PRIMESECU and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"When you're building a company, you need to continually strengthen every component - finance, strategic partnerships, executive team, and relationships with every last constituency.
PRIMESECU 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 PRIMESECU's volatility from 24 Oct, 2018 to 22 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 PRIMESECU has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
PRIMESECU has more chance of extreme outcomes than the NIFTY-50 index. Therefore, PRIMESECU must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than PRIMESECU.
On a general note (since you are interested in PRIMESECU), if you are an investor in SRIPIPES, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
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