RAMCO SYSTEMS LTD. has destroyed investor wealth on Friday. It fell by -2.38% to close at 256.8 which is it's 52 week low, down -53% from it's 52 week high.
Buy-and-Hold investors in RAMCOSYS experienced a maximum drawdown of -19.75% over the last three months. It fell by -15.61% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +12.33%.
RAMCOSYS has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 18 Feb, 2016 to 18 Jan, 2019. One must note that RAMCOSYS is currently at it's worst performance to the NIFTY-50 index which makes it a bad investment candidate. Over the last 3 years and 1 month, RAMCOSYS underperformed the NIFTY-50 index on 57% days.
RAMCOSYS returned losses on 59% days in the last three months. During this time, it delivered on average -0.26% per day. It delivered it's best daily return of +3.24%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 29 Oct, 2018 and went on till 5 Nov, 2018. This bullish trend returned +10.05% to investors.
During the last year RAMCOSYS had 2 profitable months and 10 loss making months. RAMCOSYS returned profits in fewer months than NIFTY-50 index. RAMCOSYS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -22.82% compared to -6.42% returned by NIFTY-50 index in Sep 2018. RAMCOSYS had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Aug 2018 to Jan 2019) during which period it delivered -30.61%. It is interesting to note that both RAMCOSYS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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RAMCOSYS 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 fall in RAMCOSYS's volatility from 31 Oct, 2018 to 17 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 RAMCOSYS has significant negative skewness in it's return distribution. This indicates that RAMCOSYS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than RAMCOSYS. Therefore, NIFTY-50 must receive a lower allocation than RAMCOSYS in your portfolio. NIFTY-50 index usually has shorter drawdown period than RAMCOSYS.
Based on your interest in RAMCOSYS you may find it interesting to know that GUJAPOLLO has delivered similar performance as RAMCOSYS and can be considered as an alternative investment candidate (to RAMCOSYS).
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