SHARDA CROPCHEM LTD. underperformed broader market on Tuesday. It lost -1.37% to close at 306.45. It is currently trading -32% below it's 52 week high of 454.85.
Buy-and-Hold investors in SHARDACROP experienced a maximum drawdown of -21.1% over the last three months. It lost -3.27% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
During the last three months SHARDACROP was mostly loss making and delivered on average -0.01% per day. It's best return during this period (of +19.28%) was on Wednesday, 19 Dec, 2018. While it's worst loss in the same period (of -6.79%) was on Thursday, 6 Dec, 2018. There was initially a bullish trend during this period which started on 23 Oct, 2018 and went on till 29 Oct, 2018. The bullish trend returned +5.4% to investors. This was followed by a bearish trend that started on 12 Nov, 2018 and ended on 22 Nov, 2018. This bearish trend lost -5.17% of investor capital.
SHARDACROP had 6 profitable and 6 loss making months over the last year. SHARDACROP was profitable in more months than NIFTY-50 index. SHARDACROP was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -21.45% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SHARDACROP had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -28.81%. It is interesting to note that both SHARDACROP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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SHARDACROP 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 surge in SHARDACROP's volatility from 21 Nov, 2018 to 19 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 SHARDACROP has significant negative skewness in it's return distribution. This indicates that SHARDACROP is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SHARDACROP. Therefore, NIFTY-50 must receive a lower allocation than SHARDACROP in your portfolio. NIFTY-50 index usually has shorter drawdown period than SHARDACROP.
Based on your interest in SHARDACROP you may find it interesting to know that RESPONIND has shown remarkable performance this year and deserves to be on every investors' watchlist.
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