SICAGEN INDIA LIMITED outperformed the broader market today. It increased by +4.88% to close at 25.8. It's recent 5 day performance has been +0.41%, -1.8%, -0.2%, 0.0% and -3.66%.
SICAGEN is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +4.88%) for SICAGEN's investors than trading long signals.
SICAGEN has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 2 Jun, 2016 to 10 Jan, 2018. Over the last 3 years and 1 month, SICAGEN outperformed the NIFTY-50 index on 42% days. Which indicates that on days SICAGEN 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 SICAGEN delivered losses on 56% days. However, it still managed to end this period in a profit. It's best return during this period (of +5.83%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -9.73%) was on Tuesday, 23 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 30 Nov, 2018 and ended on 10 Dec, 2018. This bearish trend lost -12.79% of investor capital.
During the last year SICAGEN had 5 profitable months and 7 loss making months. Profitable number of months of SICAGEN and NIFTY-50 index were the same. SICAGEN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -19.33% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SICAGEN had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered +9.62%. It is interesting to note that both SICAGEN and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
My old father used to have a saying: If you make a bad bargain, hug it all the tighter.
-- Abraham Lincoln
SICAGEN 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 fall in SICAGEN's volatility from 23 Oct, 2018 to 7 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 SICAGEN has significant negative skewness in it's return distribution. This indicates that SICAGEN is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SICAGEN. Therefore, NIFTY-50 must receive a lower allocation than SICAGEN in your portfolio. NIFTY-50 index usually has shorter drawdown period than SICAGEN.
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