Waiting to invest in SHREYANIND? Look for alternatives because it ranked worse than it's peers

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%.

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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%.

Trend

Monthly Performance

Alpha (outperformance)

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Volatility

Return distribution

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.

Based on your interest in SHREYANIND you may find it interesting to know that RESPONIND, MERCK and LTI have all shown remarkable performance this year and deserve to be on every investor's watchlist.