SHREYAS SHIPPING & LOGIST delivered lacklustre performance on Tuesday. It delivered -1.45% to close at 200.05. It is currently trading -66% below it's 52 week high of 593.5.
SHREYAS is currently in a bearish trend. Over the last three months trading short signals has not been a profitable strategy for SHREYAS's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -9.19%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to SHREYAS.
SHREYAS has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 11 Jan, 2018 to 17 Dec, 2018. Over the last 3 years and 1 month, SHREYAS underperformed the NIFTY-50 index on 53% days.
SHREYAS returned losses on 59% days in the last three months. During this time, it delivered on average -0.11% per day. It delivered it's best daily return of +13.19%, during this period, on Wednesday, 19 Dec, 2018. The longest stort-term trend during this period was 5 losing days, which started on 5 Nov, 2018 and ended on 12 Nov, 2018. This bearish trend lost -4.08% of investor capital.
The last 12 months saw SHREYAS's investors making profits in 3 months and incurring losses in 9 months. SHREYAS was less consistent in delivering monthly returs than NIFTY-50 index. SHREYAS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Aug 2018, returned -35.49% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SHREYAS had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from May 2018 to Sep 2018) during which period it delivered -76.2%. It is interesting to note that both SHREYAS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
The secret to investing is to figure out the value of something - and then pay a lot less.
-- Joel Greenblatt
SHREYAS 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 SHREYAS's volatility from 25 Oct, 2018 to 14 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 SHREYAS has significant negative skewness in it's return distribution. This indicates that SHREYAS is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SHREYAS. Therefore, NIFTY-50 must receive a lower allocation than SHREYAS in your portfolio. NIFTY-50 index usually has shorter drawdown period than SHREYAS.
On a general note (since you are interested in SHREYAS), two instruments that have been extremely volatile in recent times are NIFTY50-DIV-POINT and IEX. Investors in these instruments should consider reducing their exposure (to NIFTY50-DIV-POINT and IEX) and diversifying their portfolios.
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