SUMMIT SECURITIES LTD

571.85 +11.22 (+1.96%) Buy

SUMMITSEC investors buoyed by recent performance

13 min read

SUMMIT SECURITIES LTD delivered stellar performance on Tuesday. It gained +1.96% to close at 571.85. It is currently trading -52% below it's 52 week high of 1198.15.

[Themes containing SUMMITSEC]

Buy-and-Hold investors in SUMMITSEC experienced a maximum drawdown of -7.63% over the last three months. It gained +7.01% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals. The net profit from Long signals was +1.96%.

Trend

SUMMITSEC has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, SUMMITSEC outperformed the NIFTY-50 index on 48% days. Which indicates that on days SUMMITSEC outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

SUMMITSEC returned losses on 51% days in the last three months. During this time, it delivered on average +0.12% per day. It delivered it's best daily return of +3.68%, during this period, on Thursday, 1 Nov, 2018. There was initially a bullish trend during this period which started on 27 Dec, 2018 and went on till 1 Jan, 2019. The bullish trend returned +2.59% to investors. This was followed by a bearish trend that started on 9 Jan, 2019 and ended on 14 Jan, 2019. This bearish trend lost -2.35% of investor capital.

SUMMITSEC had 6 profitable and 6 loss making months over the last year. SUMMITSEC was profitable in more months than NIFTY-50 index. SUMMITSEC was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -23.98% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SUMMITSEC had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Jun 2018 to Aug 2018) during which period it delivered +8.98%. It is interesting to note that both SUMMITSEC and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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SUMMITSEC 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 SUMMITSEC's volatility from 23 Oct, 2018 to 30 Nov, 2018. 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 SUMMITSEC has significant negative skewness in it's return distribution. This indicates that SUMMITSEC is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in SUMMITSEC you may find it interesting to know that BRITANNIA has shown remarkable performance and deserves to be on every investors' watchlist.

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