Search for alternative investments is on for RATNAMANI investors as it ranked worse than it's peers
22 Jan, 201913 min read
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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.
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.
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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.
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