SANGHI INDUSTRIES LTD delivered stellar performance on Friday. It gained +1.47% to close at 58.5. On a day when the overall market breadth was 71%, it closed higher than 41% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
SANGHIIND is currently in a down trend. Over the last three months 2 bearish signals have generated a profit of +3.51% for investors.
SANGHIIND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 28 Dec, 2017. Over the last 3 years and 1 month, SANGHIIND underperformed the NIFTY-50 index on 56% days.
SANGHIIND returned losses on 54% days in the last three months. During this time, it delivered on average -0.13% per day. It delivered it's worst daily return of -5.18%, during this period, on Thursday, 17 Jan, 2019. There was initially a bullish trend during this period which started on 13 Nov, 2018 and went on till 16 Nov, 2018. The bullish trend returned +1.84% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -8.6% of investor capital.
On monthly basis, SANGHIIND delivered losses in more months over the last year, than profits. SANGHIIND delivered profits less regularly than NIFTY-50 index. SANGHIIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -17.34% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SANGHIIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -35.07%. It is interesting to note that both SANGHIIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
It's pointless to set goals if you are not going to try to hit them.
-- Don Connelly
SANGHIIND is becoming less volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in SANGHIIND's volatility from 23 Oct, 2018 to 11 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 SANGHIIND has significant negative skewness in it's return distribution. This indicates that SANGHIIND is very risky for short-term investment and can significantly underperform for long durations.
SANGHIIND has more chance of extreme outcomes than the NIFTY-50 index. Therefore, SANGHIIND must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than SANGHIIND.
On a general note (since you are interested in SANGHIIND), three instruments that deserve special mention are IGARASHI, NIITTECH and LTI. They have all outperformed the market and must be closely watched for investment opportunities.
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