SUPREME INDUSTRIES LTD underperformed broader market today. It returned -1.27% to close at 1066.25. It's recent 5 day performance has been -1.87%, -1.18%, -3.13%, +3.37% and +3.17%.
SUPREMEIND showed a up trend over the last 3 months. During this period SUPREMEIND gained +7.02% and saw a maximum drawdown of -13.19%. There was a long signal during this period which returned +1.46%.
SUPREMEIND has been underperforming the NIFTY-50 index in recent time, after having outperformed till 19 Jan, 2018. Over the last 3 years and 1 month, SUPREMEIND outperformed the NIFTY-50 index on 47% days. Which indicates that on days SUPREMEIND outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
SUPREMEIND was profitable on 50% days in the last three months. During this time, it delivered on average +0.13% per day. It delivered it's best daily return of +5.18%, during this period, on Thursday, 13 Dec, 2018. There was initially a bullish trend during this period which started on 7 Dec, 2018 and went on till 17 Dec, 2018. The bullish trend returned +16.81% to investors. This was followed by a bearish trend that started on 31 Dec, 2018 and ended on 8 Jan, 2019. This bearish trend lost -13.98% of investor capital.
On monthly basis, SUPREMEIND delivered profits and losses in equal number of months. SUPREMEIND delivered profits in more months than NIFTY-50 index. SUPREMEIND significantly outperformed NIFTY-50 index in Dec 2018, when it returned +18.2% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. SUPREMEIND had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +20.89%. It is interesting to note that both SUPREMEIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Courage is being scared to death, but saddling up anyway.
-- John Wayne
SUPREMEIND is becoming less 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 SUPREMEIND's volatility from 19 Oct, 2018 to 5 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 SUPREMEIND has significant negative skewness in it's return distribution. This indicates that SUPREMEIND is very risky for short-term investment and can significantly underperform for long durations.
SUPREMEIND has more chance of extreme outcomes than the NIFTY-50 index. Therefore, SUPREMEIND must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than SUPREMEIND.
On a general note (since you are interested in SUPREMEIND), BAJFINANCE has performed really well and deserves to be closely tracked for investment opportunities.
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