REDINGTON continues its fall as more investors loose confidence
18 Jan, 201913 min read
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REDINGTON showed weakness today. On a longer term basis, investors in REDINGTON (INDIA) LTD. made +0.02% per day. Friday's performance of -0.93% was a underperformance compared to it's daily average.
REDINGTON showed a bearish trend over the last 3 months. During this period REDINGTON delivered -7.14% and saw a maximum drawdown of -14.07%. There was a short signal during this period which returned +7.14%.
REDINGTON has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 10 Nov, 2017 to 18 Jan, 2019. One must note that REDINGTON 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, REDINGTON underperformed the NIFTY-50 index on 54% days.
During the last three months REDINGTON was mostly loss making and delivered on average -0.1% per day. It's best return during this period (of +4.52%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -3.89%) was on Monday, 3 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 1 Nov, 2018 and went on till 9 Nov, 2018. This bullish trend returned +11.06% to investors.
The last 12 months saw REDINGTON's investors making profits in 2 months and incurring losses in 10 months. REDINGTON was less consistent in delivering monthly returs than NIFTY-50 index. REDINGTON was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Feb 2018, returned -19.56% compared to -6.42% returned by NIFTY-50 index in Sep 2018. REDINGTON had a longer winning streak of losing months than NIFTY-50 index. It went down in 7 straight months (from Apr 2018 to Oct 2018) during which period it delivered -55.0%.
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REDINGTON is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in REDINGTON's volatility from 29 Oct, 2018 to 1 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 REDINGTON has significant negative skewness in it's return distribution. This indicates that REDINGTON is very risky for short-term investment and can significantly underperform for long durations.
REDINGTON has more chance of extreme outcomes than the NIFTY-50 index. Therefore, REDINGTON must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than REDINGTON.
Based on your interest in REDINGTON you may find it interesting to know that ~HOMEAPPLIANCES, HATSUN and IEX are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.
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