SITA SHREE FOOD PROD LTD

0.65 +0.05 (+8.33%) Sell

SITASHREE does a dead cat bounce, it's still too early to buy into it

13 min read

SITA SHREE FOOD PROD LTD delivered good returns today. It grew by +8.33% to close at 0.65. It's recent 5 day performance has been -7.69%, -7.14%, +7.69%, 0.0% and 0.0%.

[Themes containing SITASHREE]

SITASHREE is currently in a down trend. Over the last three months trading short signals has not been a profitable strategy for SITASHREE's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -7.14%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to SITASHREE.

Trend

SITASHREE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 7 Jul, 2016. Over the last 2 years and 8 months, SITASHREE underperformed the NIFTY-50 index on 55% days.

During the last three months SITASHREE delivered losses on 72% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.33%) was on Wednesday, 9 Jan, 2019. While it's worst loss in the same period (of -7.69%) was on Monday, 7 Jan, 2019. There was initially a bullish trend during this period which started on 1 Nov, 2018 and went on till 12 Nov, 2018. The bullish trend returned +21.5% to investors. This was followed by a bearish trend that started on 3 Jan, 2019 and ended on 7 Jan, 2019. This bearish trend lost -21.5% of investor capital.

On monthly basis, SITASHREE delivered losses in more months over the last year, than profits. SITASHREE delivered profits less regularly than NIFTY-50 index. SITASHREE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -34.48% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SITASHREE had a longer winning streak of losing months than NIFTY-50 index. It went down in 9 straight months (from Feb 2018 to Oct 2018) during which period it delivered -151.75%. It is interesting to note that both SITASHREE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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SITASHREE is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. 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 SITASHREE has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

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

Based on your interest in SITASHREE you may find it interesting to know that SRIPIPES, ~HOMEAPPLIANCES and IEX are all extremely risky investment candidates that must be evaluated carefully. Investors with low risk profile are better off avoiding them till their performance becomes more consistent.

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