SESHASAYEE PAPER & BOARDS has destroyed investor wealth on Tuesday. It fell by -2.41% to close at 1068.0. It is currently trading +33% above it's 52 week low of 802.45 and is down only -15% from it's 52 week high.
SESHAPAPER is currently in a bullish trend. The previous long signal in SESHAPAPER has not been profitable for investors in general. If you are invested in SESHAPAPER at current levels please make sure that your allocation is limited and that your portfolio is well diversified.
SESHAPAPER has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 9 Feb, 2016 to 7 Sep, 2018. Over the last 3 years and 1 month, SESHAPAPER outperformed the NIFTY-50 index on 46% days. Which indicates that on days SESHAPAPER 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 SESHAPAPER delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +12.85%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -2.53%) was on Tuesday, 20 Nov, 2018. The longest stort-term trend during this period was 8 losing days, which started on 9 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -10.68% of investor capital.
During the last year SESHAPAPER had 4 profitable months and 8 loss making months. SESHAPAPER returned profits in fewer months than NIFTY-50 index. SESHAPAPER significantly outperformed NIFTY-50 index in Aug 2018, when it returned +25.32% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SESHAPAPER had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -6.17%. It is interesting to note that both SESHAPAPER and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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SESHAPAPER 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 SESHAPAPER's volatility from 29 Oct, 2018 to 24 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 SESHAPAPER has significant negative skewness in it's return distribution. This indicates that SESHAPAPER is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SESHAPAPER. Therefore, NIFTY-50 must receive a lower allocation than SESHAPAPER in your portfolio. NIFTY-50 index usually has shorter drawdown period than SESHAPAPER.
On a general note (since you are interested in SESHAPAPER), VINATIORGA is a small cap that deserves to be closely tracked for investment opportunities.
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