SREE RAYALSEEMA HHP LTD. was among the worst performers on Friday. It delivered -1.74% to close at 154.95. On a day when the overall market breadth was 71%, it closed higher than 93% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
SRHHYPOLTD showed a bullish trend over the last 3 months. During this period SRHHYPOLTD delivered +7.42% and saw a maximum drawdown of -18.48%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in SRHHYPOLTD till volatility reduces and a clear trend emerges.
SRHHYPOLTD has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 11 Feb, 2016 to 23 Oct, 2017. Over the last 3 years and 1 month, SRHHYPOLTD outperformed the NIFTY-50 index on 47% days. Which indicates that on days SRHHYPOLTD 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 SRHHYPOLTD delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.98%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -6.37%) was on Thursday, 6 Dec, 2018. The longest stort-term trend during this period was 7 losing days, which started on 16 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -9.4% of investor capital.
The last 12 months saw SRHHYPOLTD's investors making profits in 5 months and incurring losses in 7 months. During the last year, SRHHYPOLTD and NIFTY-50 index had the same number of profitable months. SRHHYPOLTD significantly outperformed NIFTY-50 index in Nov 2018, when it returned +13.58% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SRHHYPOLTD had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered +26.25%. It is interesting to note that both SRHHYPOLTD and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Persist - don't take no for an answer. If you're happy to sit at your desk and not take any risk, you'll be sitting at your desk for the next 20 years.
-- David Rubenstein
SRHHYPOLTD 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 SRHHYPOLTD's volatility from 22 Oct, 2018 to 3 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 SRHHYPOLTD has significant negative skewness in it's return distribution. This indicates that SRHHYPOLTD is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SRHHYPOLTD. Therefore, NIFTY-50 must receive a lower allocation than SRHHYPOLTD in your portfolio. NIFTY-50 index usually has shorter drawdown period than SRHHYPOLTD.
Based on your interest in SRHHYPOLTD you may find it interesting to know that NIITTECH is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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