SHREE RAMA MULTI TECH LTD

5.9 -0.19 (-3.28%) Sell

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

13 min read

SHREE RAMA MULTI TECH LTD was among the worst performers on Wednesday. It fell by -3.28% to close at 5.9. On a day when the overall market breadth was 70%, it closed higher than 57% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0084%.

[Themes containing SHREERAMA]

SHREERAMA is currently in a bearish trend. The current bearish signal has generated a profit of +9.92% for investors in the last three months.

Trend

SHREERAMA has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 1 Nov, 2016 to 21 Jan, 2019. Over the last 2 years and 8 months, SHREERAMA underperformed the NIFTY-50 index on 53% days.

SHREERAMA returned losses on 56% days in the last three months. During this time, it delivered on average -0.12% per day. It delivered it's best daily return of +8.93%, during this period, on Tuesday, 22 Jan, 2019. The longest stort-term trend during this period was 11 profitable days, which started on 30 Oct, 2018 and went on till 14 Nov, 2018. This bullish trend returned +22.37% to investors.

During the last year SHREERAMA had 2 profitable months and 10 loss making months. SHREERAMA returned profits in fewer months than NIFTY-50 index. SHREERAMA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -20.73% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SHREERAMA had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from May 2018 to Oct 2018) during which period it delivered -59.81%.

The challenge is not to pick the best investment. The challenge is to pick the right investment.
-- Don Connelly

SHREERAMA 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 surge in SHREERAMA's volatility from 25 Oct, 2018 to 26 Oct, 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 SHREERAMA has significant negative skewness in it's return distribution. This indicates that SHREERAMA is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in SHREERAMA you may find it interesting to know that RESPONIND is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter