SEAMEC LIMITED underperformed broader market today. It fell by -0.34% to close at 282.2. It's recent 5 day performance has been +3.55%, +8.51%, +1.78%, +11.01% and +1.64%.
SEAMECLTD showed a strong bullish trend over the last 3 months. During this period SEAMECLTD surged by +25.26% and saw a maximum drawdown of -15.4%. There was a long signal during this period which returned +32.46%.
SEAMECLTD has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 31 Mar, 2016 to 24 Jul, 2018. Over the last 3 years and 1 month, SEAMECLTD outperformed the NIFTY-50 index on 49% days. Which indicates that on days SEAMECLTD outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
SEAMECLTD was profitable on 53% days in the last three months. During this time, it delivered on average +0.39% per day. It delivered it's best daily return of +11.01%, during this period, on Thursday, 17 Jan, 2019. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +26.49%) started on 16 Jan, 2019 and went on till 22 Jan, 2019 while the bearish trend (which returned -7.95%) started on 26 Nov, 2018 and went on till 30 Nov, 2018.
During the last year SEAMECLTD had 8 profitable months and 4 loss making months. SEAMECLTD returned profits in more months than NIFTY-50 index. SEAMECLTD significantly outperformed NIFTY-50 index in Jan 2019, when it returned +41.06% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SEAMECLTD had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Apr 2018 to Jul 2018) during which period it delivered +37.17%. It is interesting to note that both SEAMECLTD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Investing is a business, investment is a project and investor is a promoter.
-- Vijay Kedia
SEAMECLTD 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 SEAMECLTD's volatility from 24 Oct, 2018 to 17 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 SEAMECLTD has significant negative skewness in it's return distribution. This indicates that SEAMECLTD is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SEAMECLTD. Therefore, NIFTY-50 must receive a lower allocation than SEAMECLTD in your portfolio. NIFTY-50 index usually has shorter drawdown period than SEAMECLTD.
Based on your interest in SEAMECLTD you may find it interesting to know that NIITTECH is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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