Search for alternative investments is on for SUDARSCHEM investors as it performed worse than the broader market
18 Jan, 201913 min read
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SUDARSHAN CHEMICAL INDS L underperformed broader market today. It fell by -1.08% to close at 330.35. It's recent 5 day performance has been -1.3%, -1.53%, -0.29%, +0.19% and -0.78%.
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SUDARSCHEM is currently in a bearish trend. Over the last three months 3 bearish signals have generated a profit of +6.4% for investors.
SUDARSCHEM has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 19 Feb, 2016 to 18 Apr, 2018. Over the last 3 years and 1 month, SUDARSCHEM outperformed the NIFTY-50 index on 46% days. Which indicates that on days SUDARSCHEM 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 SUDARSCHEM was mostly loss making and delivered on average -0.23% per day. It's best return during this period (of +4.78%) was on Thursday, 15 Nov, 2018. While it's worst loss in the same period (of -3.8%) was on Tuesday, 20 Nov, 2018. The longest stort-term trend during this period was 10 losing days, which started on 22 Nov, 2018 and ended on 6 Dec, 2018. This bearish trend lost -10.74% of investor capital.
During the last year SUDARSCHEM had 3 profitable months and 9 loss making months. SUDARSCHEM returned profits in fewer months than NIFTY-50 index. SUDARSCHEM significantly outperformed NIFTY-50 index in Apr 2018, when it returned +32.13% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SUDARSCHEM had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Aug 2018 to Jan 2019) during which period it delivered -30.77%. It is interesting to note that both SUDARSCHEM and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I'd like to live as a poor man with lots of money.
-- Pablo Picasso
SUDARSCHEM 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 SUDARSCHEM's volatility from 19 Oct, 2018 to 4 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 SUDARSCHEM has significant negative skewness in it's return distribution. This indicates that SUDARSCHEM is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SUDARSCHEM. Therefore, NIFTY-50 must receive a lower allocation than SUDARSCHEM in your portfolio. NIFTY-50 index usually has shorter drawdown period than SUDARSCHEM.
Based on your interest in SUDARSCHEM you may find it interesting to know that TCS is a large cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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