QUESS continues its fall as more investors loose confidence
18 Jan, 201913 min read
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QUESS CORP LIMITED delivered lacklustre performance today. It lost -0.81% to close at 677.6. During the last week it lost -5.93% and saw a maximum drawdown of -5.93%.
Buy-and-Hold investors in QUESS experienced a maximum drawdown of -23.53% over the last three months. It lost -7.67% during this down trending period. There were no long signals during this period, where the short signal generated good profits of +7.67% for investors.
QUESS has been underperforming the NIFTY-50 index in recent time, after having outperformed till 12 Jun, 2018. Over the last 2 years 6 months and 6 days, QUESS outperformed the NIFTY-50 index on 49% days. Which indicates that on days QUESS 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 QUESS was mostly loss making and delivered on average -0.1% per day. It's best return during this period (of +11.35%) was on Tuesday, 11 Dec, 2018. While it's worst loss in the same period (of -4.67%) was on Thursday, 6 Dec, 2018. There was initially a bearish trend during this period which started on 19 Nov, 2018 and went on till 10 Dec, 2018. The trend delivered -23.4% losses to investors. This was followed by a bullish trend that started on 31 Dec, 2018 and ended on 7 Jan, 2019. This bullish trend delivered +14.66% to investors.
QUESS had 6 profitable and 6 loss making months over the last year. QUESS was profitable in more months than NIFTY-50 index. QUESS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Oct 2018, returned -18.48% compared to -6.42% returned by NIFTY-50 index in Sep 2018. QUESS and NIFTY-50 index, both had periods of 2 consecutive profitable months.
Money won't create success, the freedom to make it will.
-- Nelson Mandela
QUESS 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 QUESS's volatility from 3 Dec, 2018 to 11 Dec, 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 QUESS has significant negative skewness in it's return distribution. This indicates that QUESS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than QUESS. Therefore, NIFTY-50 must receive a lower allocation than QUESS in your portfolio. NIFTY-50 index usually has shorter drawdown period than QUESS.
On a general note (since you are interested in QUESS), if you are an investor in TIDEWATER, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
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