282.2 -0.95 (-0.34%) Buy

Looking to invest in SEAMECLTD? Look for alternatives because it underperformed broader market

13 min read

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%.

[Themes containing SEAMECLTD]

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.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter