SATHAVAHANA ISPAT LTD outperformed the broader market on Tuesday. It increased by +3.33% to close at 9.3. It is currently trading -72% below it's 52 week high of 34.0.
SATHAISPAT is currently in a bearish trend. The current bearish signal has generated a profit of +9.27% for investors in the last three months.
SATHAISPAT has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 26 Jul, 2016 to 21 Jan, 2019. Over the last 3 years and 1 month, SATHAISPAT underperformed the NIFTY-50 index on 55% days.
During the last three months SATHAISPAT was mostly loss making and delivered on average -0.12% per day. It's best return during this period (of +5.79%) was on Friday, 7 Dec, 2018. While it's worst loss in the same period (of -5.47%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 13 Nov, 2018 and went on till 19 Nov, 2018. This bullish trend returned +3.49% to investors.
During the last year SATHAISPAT had 3 profitable months and 9 loss making months. SATHAISPAT returned profits in fewer months than NIFTY-50 index. SATHAISPAT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -22.25% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SATHAISPAT 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 -33.18%. It is interesting to note that both SATHAISPAT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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SATHAISPAT 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 SATHAISPAT's volatility from 23 Oct, 2018 to 5 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 SATHAISPAT has significant negative skewness in it's return distribution. This indicates that SATHAISPAT is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SATHAISPAT. Therefore, NIFTY-50 must receive a lower allocation than SATHAISPAT in your portfolio. NIFTY-50 index usually has shorter drawdown period than SATHAISPAT.
On a general note (since you are interested in SATHAISPAT), three small cap instruments that deserve special mention are RESPONIND, IGARASHI and VINATIORGA. They have all outperformed the market and must be closely watched for investment opportunities.
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