RAINBOW PAPERS LTD has destroyed investor wealth on Wednesday. It fell by -5.0% to close at 0.95 which is it's 52 week low, down -78% from it's 52 week high.
RAINBOWPAP is currently in a bearish trend. Over the last three months 5 bearish signals have generated a profit of +1.79% for investors.
RAINBOWPAP has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 7 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, RAINBOWPAP underperformed the NIFTY-50 index on 55% days.
During the last three months RAINBOWPAP was mostly loss making and delivered on average -0.43% per day. It's best return during this period (of +5.0%) was on Monday, 7 Jan, 2019. While it's worst loss in the same period (of -5.0%) was on Wednesday, 23 Jan, 2019. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +7.55%) started on 24 Oct, 2018 and went on till 30 Oct, 2018 while the bearish trend (which returned -20.92%) started on 5 Dec, 2018 and went on till 11 Dec, 2018.
During the last year RAINBOWPAP had 2 profitable months and 10 loss making months. RAINBOWPAP returned profits in fewer months than NIFTY-50 index. RAINBOWPAP was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -25.71% compared to -6.42% returned by NIFTY-50 index in Sep 2018. RAINBOWPAP and NIFTY-50 index, both had periods of 3 consecutive profitable months.
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RAINBOWPAP 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 RAINBOWPAP's volatility from 24 Oct, 2018 to 28 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 RAINBOWPAP has positive skewness in it's return distribution. This indicates that investors can expect RAINBOWPAP to make attempts to recover from drawdowns quickly. Which makes RAINBOWPAP 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 RAINBOWPAP. Therefore, NIFTY-50 must receive a lower allocation than RAINBOWPAP in your portfolio. RAINBOWPAP usually has shorter drawdown period than the NIFTY-50 index.
Based on your interest in RAINBOWPAP you may find it interesting to know that RESPONIND is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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