SASKEN shows sign of weakness as investors do cost averaging
18 Jan, 201913 min read
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SASKEN TECHNOLOGIES LTD ranked better than it's peers today. It delivered +0.01% to close at 671.05. It's recent 5 day performance has been +0.56%, -0.44%, -0.17%, 0.0% and 0.0%.
SASKEN is currently in a bearish trend. The current bearish signal has generated a profit of +13.46% for investors in the last three months.
SASKEN has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 26 Feb, 2016 to 15 Jun, 2018. Over the last 3 years and 1 month, SASKEN outperformed the NIFTY-50 index on 48% days. Which indicates that on days SASKEN outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
During the last three months SASKEN was mostly loss making and delivered on average -0.2% per day. It's best return during this period (of +5.51%) was on Tuesday, 13 Nov, 2018. While it's worst loss in the same period (of -13.84%) was on Wednesday, 24 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 3 Dec, 2018 and ended on 11 Dec, 2018. This bearish trend lost -10.0% of investor capital.
During the last year SASKEN had 6 profitable months and 6 loss making months. SASKEN returned profits in more months than NIFTY-50 index. SASKEN significantly outperformed NIFTY-50 index in Apr 2018, when it returned +40.77% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SASKEN and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both SASKEN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Innovation distinguishes between a leader and a follower.
-- Steve Jobs
SASKEN 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 SASKEN's volatility from 25 Oct, 2018 to 18 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 SASKEN has significant negative skewness in it's return distribution. This indicates that SASKEN is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SASKEN. Therefore, NIFTY-50 must receive a lower allocation than SASKEN in your portfolio. NIFTY-50 index usually has shorter drawdown period than SASKEN.
Based on your interest in SASKEN you may find it interesting to know that TIDEWATER, NIFTY50-DIV-POINT and IGARASHI 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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