SHREYANS INDUSTRIES LTD ranked worse than it's peers on Friday. It delivered -1.06% to close at 140.0. On a day when the overall market breadth was 71%, it closed higher than 93% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
SHREYANIND showed a strong bearish trend over the last 3 months. During this period SHREYANIND delivered -15.18% and saw a maximum drawdown of -20.02%. There was a short signal during this period which returned +15.18%.
SHREYANIND has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 21 Mar, 2016 to 9 Jan, 2018. Over the last 3 years and 1 month, SHREYANIND outperformed the NIFTY-50 index on 48% days. Which indicates that on days SHREYANIND outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
SHREYANIND returned losses on 59% days in the last three months. During this time, it delivered on average -0.25% per day. It delivered it's best daily return of +6.0%, during this period, on Friday, 30 Nov, 2018. The longest stort-term trend during this period was 7 losing days, which started on 12 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -13.12% of investor capital.
The last 12 months saw SHREYANIND's investors making profits in 4 months and incurring losses in 8 months. SHREYANIND was less consistent in delivering monthly returs than NIFTY-50 index. SHREYANIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Feb 2018, returned -16.59% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SHREYANIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered -15.49%. It is interesting to note that both SHREYANIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.
-- Johann Wolfgang von Goethe
SHREYANIND 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 SHREYANIND's volatility from 23 Oct, 2018 to 21 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 SHREYANIND has significant negative skewness in it's return distribution. This indicates that SHREYANIND is very risky for short-term investment and can significantly underperform for long durations.
SHREYANIND has more chance of extreme outcomes than the NIFTY-50 index. Therefore, SHREYANIND must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than SHREYANIND.
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