1.8 -0.05 (-2.7%) Sell

Doubt in the minds of SHILPI investors as it was among the worst performers

13 min read

SHILPI CABLE TECH LTD significantly underperformed on Friday. It fell by -2.7% to close at 1.8 which is it's 52 week low, down -93% from it's 52 week high.

[Themes containing SHILPI]

Buy-and-Hold investors in SHILPI experienced a maximum drawdown of -30.77% over the last three months. It fell by -30.77% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +17.48%.


SHILPI has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 23 Jan, 2017 to 28 Aug, 2018. Over the last 3 years and 1 month, SHILPI underperformed the NIFTY-50 index on 51% days.

SHILPI returned losses on 77% days in the last three months. During this time, it delivered on average -0.55% per day. It delivered it's worst daily return of -4.76%, during this period, on Tuesday, 18 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 29 Nov, 2018 and went on till 6 Dec, 2018. This bullish trend returned +2.27% to investors.

During the last year SHILPI had 2 profitable months and 10 loss making months. SHILPI returned profits in fewer months than NIFTY-50 index. SHILPI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jul 2018, returned -43.64% compared to -6.11% returned by NIFTY-50 index in Sep 2018. SHILPI 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 -82.77%. It is interesting to note that both SHILPI and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

A wise person should have money in their head, but not in their heart.
-- Jonathan Swift

SHILPI is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in SHILPI's volatility from 19 Oct, 2018 to 27 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 SHILPI has positive skewness in it's return distribution. This indicates that investors can expect SHILPI to make attempts to recover from drawdowns quickly. Which makes SHILPI a good candidate for momentum based trading on short-term bullish trends or counter-trends.

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

Based on your interest in SHILPI you may find it interesting to know that ~CHEMICALS has shown remarkable performance and deserves to be on every investors' watchlist.

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