SHANTHI GEARS LTD trailed the broader market on Friday. It lost -0.23% to close at 127.55. It is currently trading -20% below it's 52 week high of 161.15.
SHANTIGEAR is currently in a up trend. The previous long signal in SHANTIGEAR has not been profitable for investors in general. If you are invested in SHANTIGEAR at current levels please make sure that your allocation is limited and that your portfolio is well diversified.
During the last three months SHANTIGEAR was mostly profitable and delivered on average +0.28% per day. It's best return during this period (of +7.64%) was on Friday, 14 Dec, 2018. While it's worst loss in the same period (of -4.49%) was on Monday, 10 Dec, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 5 Nov, 2018. The bullish trend returned +8.93% to investors. This was followed by a bearish trend that started on 2 Jan, 2019 and ended on 9 Jan, 2019. This bearish trend lost -5.73% of investor capital.
SHANTIGEAR had 4 profitable and 8 loss making months over the last year. During the last year, SHANTIGEAR underperformed NIFTY-50 index on monthly return basis. SHANTIGEAR significantly outperformed NIFTY-50 index in Jul 2018, when it returned +10.74% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SHANTIGEAR had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -13.41%. It is interesting to note that both SHANTIGEAR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Fortune sides with him who dares.
SHANTIGEAR is becoming less 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 SHANTIGEAR's volatility from 19 Nov, 2018 to 18 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 SHANTIGEAR has significant negative skewness in it's return distribution. This indicates that SHANTIGEAR is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SHANTIGEAR. Therefore, NIFTY-50 must receive a lower allocation than SHANTIGEAR in your portfolio. NIFTY-50 index usually has shorter drawdown period than SHANTIGEAR.
On a general note (since you are interested in SHANTIGEAR), if you are an investor in IEX, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
... 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