SPENTEX IND. LTD is a falling knife that can bleed you if you catch it today. It delivered -3.03% to close at 1.6. It's recent 5 day performance has been -2.94%, -2.86%, -2.78%, 0.0% and +2.86%.
SPENTEX showed a strong bearish trend over the last 3 months. During this period SPENTEX delivered -23.81% and saw a maximum drawdown of -36.0%. There were 2 short signals during this period that returned a cumulative of +16.67% to investors.
SPENTEX has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 6 Oct, 2016 to 22 Jan, 2019. One must note that SPENTEX is currently at it's worst performance to the NIFTY-50 index which makes it a bad investment candidate. Over the last 3 years and 1 month, SPENTEX underperformed the NIFTY-50 index on 53% days.
During the last three months SPENTEX was mostly loss making and delivered on average -0.4% per day. It's best return during this period (of +5.0%) was on Tuesday, 1 Jan, 2019. While it's worst loss in the same period (of -5.0%) was on Friday, 4 Jan, 2019. The longest stort-term trend during this period was 5 profitable days, which started on 6 Nov, 2018 and went on till 14 Nov, 2018. This bullish trend returned +10.69% to investors.
The last 12 months saw SPENTEX's investors making profits in 1 months and incurring losses in 11 months. SPENTEX was less consistent in delivering monthly returs than NIFTY-50 index. SPENTEX was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jan 2019, returned -20.0% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SPENTEX had a longer winning streak of losing months than NIFTY-50 index. It went down in 9 straight months (from May 2018 to Jan 2019) during which period it delivered -78.06%.
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
SPENTEX 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 SPENTEX's volatility from 23 Oct, 2018 to 21 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 SPENTEX 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.
SPENTEX has more chance of extreme outcomes than the NIFTY-50 index. Therefore, SPENTEX must receive a lower allocation than NIFTY-50 in your portfolio. SPENTEX usually has shorter drawdown period than the NIFTY-50 index.
On a general note (since you are interested in SPENTEX), if you are an investor in TIDEWATER, you need to be extra careful (consider limiting your exposure or diversifying) as it is extremely unpredictable and therefore risky.
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