Joy for PURVA investors as it ranks better than it's peers but, has not managed to breakout

PURAVANKARA LIMITED showed marginal outperformance on Wednesday. It increased by +0.54% to close at 74.6. On a day when the overall market breadth was 70%, it closed higher than 32% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0084%.

[Themes containing PURVA]

PURVA is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +13.12%) for PURVA's investors than trading long signals.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

PURVA has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 6 Oct, 2016 to 22 Dec, 2017. Over the last 3 years and 1 month, PURVA underperformed the NIFTY-50 index on 53% days.

During the last three months PURVA delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +6.77%) was on Thursday, 1 Nov, 2018. While it's worst loss in the same period (of -4.62%) was on Friday, 11 Jan, 2019. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +13.68%) started on 4 Jan, 2019 and went on till 9 Jan, 2019 while the bearish trend (which returned -9.02%) started on 22 Nov, 2018 and went on till 28 Nov, 2018.

During the last year PURVA had 4 profitable months and 8 loss making months. Profitable number of months of PURVA and NIFTY-50 index were the same. PURVA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -31.28% compared to -6.42% returned by NIFTY-50 index in Sep 2018. PURVA had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -42.5%. It is interesting to note that both PURVA and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us.
-- Julia Cameron

PURVA 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 surge in PURVA's volatility from 25 Oct, 2018 to 15 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 PURVA has significant negative skewness in it's return distribution. This indicates that PURVA is very risky for short-term investment and can significantly underperform for long durations.

PURVA has more chance of extreme outcomes than the NIFTY-50 index. Therefore, PURVA must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than PURVA.

Based on your interest in PURVA you may find it interesting to know that SPLIL and NIITTECH have both shown remarkable performance this year and deserve to be on every investors' watchlist.