Want to invest in PTL? Wait as it ranked worse than it's peers

PTL ranked worse than it's peers today. On a longer term basis, investors in PTL ENTERPRISES LTD made +0.13% per day. Tuesday's performance of -0.85% was a significant underperformance compared to it's daily average.

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PTL showed a down trend over the last 3 months. During this period PTL returned -4.11% and saw a maximum drawdown of -12.24%. There was a short signal during this period which returned +4.11%.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

PTL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 21 Mar, 2017. Over the last 3 years and 1 month, PTL underperformed the NIFTY-50 index on 51% days.

During the last three months PTL was mostly loss making and delivered on average -0.06% per day. It's best return during this period (of +3.71%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -3.62%) was on Thursday, 3 Jan, 2019. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +7.25% to investors. This was followed by a bearish trend that started on 12 Nov, 2018 and ended on 15 Nov, 2018. This bearish trend lost -7.39% of investor capital.

On monthly basis, PTL delivered losses in more months over the last year, than profits. PTL delivered profits less regularly than NIFTY-50 index. PTL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -12.45% compared to -6.42% returned by NIFTY-50 index in Sep 2018. PTL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both PTL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Outcome is simply the final score: Who won the game; what numbers came up in a roll of the dice; how high did a stock go. Outcome is the result, regardless of the method used to achieve it. It is not controllable.
-- Barry Ritholtz

PTL is becoming more 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 PTL's volatility from 23 Oct, 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 PTL has positive skewness in it's return distribution. This indicates that investors can expect PTL to make attempts to recover from drawdowns quickly. Which makes PTL 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 PTL. Therefore, NIFTY-50 must receive a lower allocation than PTL in your portfolio. PTL usually has shorter drawdown period than the NIFTY-50 index.

Based on your interest in PTL you may find it interesting to know that MERCK, HATSUN and RESPONIND have all shown remarkable performance this year and deserve to be on every investor's watchlist.