SUNDRAM FASTENERS LTD was among the worst performers on Friday. It fell by -2.8% to close at 519.95. It is currently trading -22% below it's 52 week high of 668.15.
Buy-and-Hold investors in SUNDRMFAST experienced a maximum drawdown of -7.22% over the last three months. It fell by -2.29% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
SUNDRMFAST has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 21 Mar, 2016 to 23 Aug, 2018. Over the last 3 years and 1 month, SUNDRMFAST outperformed the NIFTY-50 index on 47% days. Which indicates that on days SUNDRMFAST 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 SUNDRMFAST was mostly loss making and delivered on average -0.03% per day. It's best return during this period (of +3.25%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -2.8%) was on Friday, 18 Jan, 2019. The longest stort-term trend during this period was 6 losing days, which started on 21 Nov, 2018 and ended on 29 Nov, 2018. This bearish trend lost -3.96% of investor capital.
During the last year SUNDRMFAST had 6 profitable months and 6 loss making months. SUNDRMFAST returned profits in more months than NIFTY-50 index. SUNDRMFAST was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -12.1% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SUNDRMFAST had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered -23.35%.
Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.
-- Charles Dickens
SUNDRMFAST is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in SUNDRMFAST's volatility from 19 Oct, 2018 to 11 Dec, 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 SUNDRMFAST has significant negative skewness in it's return distribution. This indicates that SUNDRMFAST is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than SUNDRMFAST. Therefore, NIFTY-50 must receive a lower allocation than SUNDRMFAST in your portfolio. NIFTY-50 index usually has shorter drawdown period than SUNDRMFAST.
Based on your interest in SUNDRMFAST you may find it interesting to know that BATAINDIA, CUB and LTI are mid caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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