908.15 -2.99 (-0.33%) Buy

Search for alternative investments is on for RATNAMANI investors as it ranked worse than it's peers

13 min read

RATNAMANI MET & TUB LTD. underperformed today. It fell by -0.33% to close at 908.15. During the last week it fell by -1.22% and saw a maximum drawdown of -1.34% before bouncing back.

[Themes containing RATNAMANI]

Buy-and-Hold investors in RATNAMANI experienced a maximum drawdown of -4.59% over the last three months. It surged by +11.35% during this strong bullish trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +0.65%.


RATNAMANI has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 23 Mar, 2016 to 4 Jan, 2018. Over the last 3 years and 1 month, RATNAMANI outperformed the NIFTY-50 index on 49% days. Which indicates that on days RATNAMANI outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

RATNAMANI was profitable on 53% days in the last three months. During this time, it delivered on average +0.18% per day. It delivered it's best daily return of +3.93%, during this period, on Thursday, 1 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 29 Nov, 2018 and ended on 6 Dec, 2018. This bearish trend lost -3.34% of investor capital.

During the last year RATNAMANI had 5 profitable months and 7 loss making months. Profitable number of months of RATNAMANI and NIFTY-50 index were the same. RATNAMANI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -12.05% compared to -6.42% returned by NIFTY-50 index in Sep 2018. RATNAMANI and NIFTY-50 index, both had periods of 2 consecutive profitable months.

"The road to economic well-being is to reward productive economic activity and to provide a moderate and predictable growth of money to finance real economic growth without reigniting the fires of inflation.

RATNAMANI 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 RATNAMANI's volatility from 5 Nov, 2018 to 7 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 RATNAMANI has significant negative skewness in it's return distribution. This indicates that RATNAMANI is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in RATNAMANI), three instruments that deserve special mention are LTTS, SPLIL and NIITTECH. They have all outperformed the market and must be closely watched for investment opportunities.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter