SPECIALITY investors treading cautiously as performance is muted
22 Jan, 201913 min read
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SPECIALITY REST LTD showed weakness today. It returned -0.93% to close at 101.45. It's recent 5 day performance has been -5.71%, -1.36%, +13.51%, +19.98% and +0.81%.
[Themes containing SPECIALITY]
SPECIALITY is currently in a up trend. Over the last three months Buy-and-Hold has been a better strategy (returning +44.0%) for SPECIALITY's investors than trading long signals.
SPECIALITY has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, SPECIALITY underperformed the NIFTY-50 index on 54% days.
During the last three months SPECIALITY delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +19.98%) was on Wednesday, 16 Jan, 2019. While it's worst loss in the same period (of -5.71%) was on Monday, 21 Jan, 2019. There was initially a bearish trend during this period which started on 21 Nov, 2018 and went on till 26 Nov, 2018. The trend delivered -6.8% losses to investors. This was followed by a bullish trend that started on 27 Dec, 2018 and ended on 1 Jan, 2019. This bullish trend delivered +3.05% to investors.
On monthly basis, SPECIALITY delivered losses in more months over the last year, than profits. SPECIALITY delivered profits less regularly than NIFTY-50 index. SPECIALITY significantly outperformed NIFTY-50 index in Jan 2019, when it returned +26.81% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SPECIALITY had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from May 2018 to Oct 2018) during which period it delivered -52.38%. It is interesting to note that both SPECIALITY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Glamour is what I sell, it's my stock in trade.
-- Marlene Dietrich
SPECIALITY is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant fall in SPECIALITY's volatility from 23 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 SPECIALITY has significant negative skewness in it's return distribution. This indicates that SPECIALITY is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SPECIALITY. Therefore, NIFTY-50 must receive a lower allocation than SPECIALITY in your portfolio. NIFTY-50 index usually has shorter drawdown period than SPECIALITY.
Based on your interest in SPECIALITY you may find it interesting to know that NIITTECH, MERCK and IGARASHI have all shown remarkable performance this year and deserve to be on every investor's watchlist.
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