SEQUENT SCIENTIFIC LTD.

82.85 -2.1 (-2.53%) Buy

Search for alternative investments is on for SEQUENT investors as it performed worse than the broader market

13 min read

SEQUENT SCIENTIFIC LTD. significantly underperformed today. It returned -2.53% to close at 82.85. During the last week it gained +1.22% and saw a maximum drawdown of -4.88% before bouncing back.

[Themes containing SEQUENT]

SEQUENT is currently in a up trend. Over the last three months 2 bullish signals in SEQUENT have generated a profit of +33.51% for investors.

Trend

SEQUENT has been outperforming the NIFTY-50 index in recent time. Over the last 2 years 10 months and 13 days, SEQUENT underperformed the NIFTY-50 index on 54% days.

SEQUENT was profitable on 55% days in the last three months. During this time, it delivered on average +0.96% per day. It delivered it's best daily return of +10.42%, during this period, on Monday, 14 Jan, 2019. There was initially a bullish trend during this period which started on 29 Oct, 2018 and went on till 13 Nov, 2018. The bullish trend returned +41.72% to investors. This was followed by a bearish trend that started on 18 Dec, 2018 and ended on 26 Dec, 2018. This bearish trend lost -5.91% of investor capital.

On monthly basis, SEQUENT delivered losses in more months over the last year, than profits. SEQUENT delivered profits less regularly than NIFTY-50 index. SEQUENT significantly outperformed NIFTY-50 index in Nov 2018, when it returned +46.68% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SEQUENT had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Feb 2018 to Jul 2018) during which period it delivered -39.6%. It is interesting to note that both SEQUENT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

It takes as much energy to wish as it does to plan.
-- Eleanor Roosevelt

SEQUENT is becoming more 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 SEQUENT's volatility from 24 Oct, 2018 to 2 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 SEQUENT has significant negative skewness in it's return distribution. This indicates that SEQUENT is very risky for short-term investment and can significantly underperform for long durations.

NIFTY-50 index has more chance of extreme outcomes than SEQUENT. Therefore, NIFTY-50 must receive a lower allocation than SEQUENT in your portfolio. NIFTY-50 index usually has shorter drawdown period than SEQUENT.

On a general note (since you are interested in SEQUENT), two mid cap instruments that deserve special mention are BATAINDIA and LTTS. They have significantly outperformed the overall market.

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