SHIRPUR GOLD REFINERY LTD delivered lacklustre performance on Wednesday. It lost -0.66% to close at 82.95. It is currently trading -56% below it's 52 week high of 191.5.
Buy-and-Hold investors in SHIRPUR-G experienced a maximum drawdown of -7.3% over the last three months. It grew by +14.65% during this strong up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
SHIRPUR-G has been underperforming the NIFTY-50 index in recent time, after having outperformed till 22 Dec, 2017. Over the last 3 years and 1 month, SHIRPUR-G outperformed the NIFTY-50 index on 43% days. Which indicates that on days SHIRPUR-G 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 SHIRPUR-G was mostly profitable and delivered on average +0.24% per day. It's best return during this period (of +10.25%) was on Friday, 16 Nov, 2018. While it's worst loss in the same period (of -4.2%) was on Thursday, 1 Nov, 2018. There was initially a bearish trend during this period which started on 19 Dec, 2018 and went on till 24 Dec, 2018. The trend delivered -3.76% losses to investors. This was followed by a bullish trend that started on 26 Dec, 2018 and ended on 1 Jan, 2019. This bullish trend delivered +4.74% to investors.
SHIRPUR-G had 2 profitable and 10 loss making months over the last year. During the last year, SHIRPUR-G underperformed NIFTY-50 index on monthly return basis. SHIRPUR-G was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -21.9% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SHIRPUR-G had a longer winning streak of losing months than NIFTY-50 index. It went down in 8 straight months (from Feb 2018 to Sep 2018) during which period it delivered -74.77%. It is interesting to note that both SHIRPUR-G and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Fortune sides with him who dares.
SHIRPUR-G 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 SHIRPUR-G's volatility from 31 Oct, 2018 to 16 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 SHIRPUR-G has significant negative skewness in it's return distribution. This indicates that SHIRPUR-G is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SHIRPUR-G. Therefore, NIFTY-50 must receive a lower allocation than SHIRPUR-G in your portfolio. NIFTY-50 index usually has shorter drawdown period than SHIRPUR-G.
On a general note (since you are interested in SHIRPUR-G), three instruments that deserve special mention are HATSUN, MERCK and LTTS. They have all outperformed the market and must be closely watched for investment opportunities.
... 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