SYMPHONY LIMITED

1137.8 -13.59 (-1.19%) Buy

SYMPHONY investors not showing any loss of confidence as it pauses to catch its breath

16 min read

SYMPHONY LIMITED performed worse than the broader market today. It delivered -1.19% to close at 1137.8. During the last week it delivered -5.33% and saw a maximum drawdown of -5.33%.

[Themes containing SYMPHONY]

SYMPHONY is currently in a bullish trend. Over the last three months 2 bullish signals in SYMPHONY have generated a profit of +7.71% for investors.

Trend

SYMPHONY has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 11 Jan, 2018 to 7 Sep, 2018. Over the last 3 years and 1 month, SYMPHONY underperformed the NIFTY-50 index on 55% days.

During the last three months SYMPHONY delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +7.61%) was on Friday, 28 Dec, 2018. While it's worst loss in the same period (of -7.33%) was on Tuesday, 30 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 11 Dec, 2018 and went on till 17 Dec, 2018. This bullish trend returned +16.88% to investors.

The last 12 months saw SYMPHONY's investors making profits in 5 months and incurring losses in 7 months. During the last year, SYMPHONY and NIFTY-50 index had the same number of profitable months. SYMPHONY was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jul 2018, returned -23.82% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SYMPHONY had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -47.07%.

No wealth can ever make a bad man at peace with himself.
-- Plato

SYMPHONY 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 surge in SYMPHONY's volatility from 28 Nov, 2018 to 28 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 SYMPHONY has significant negative skewness in it's return distribution. This indicates that SYMPHONY is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in SYMPHONY you may find it interesting to know that CHENNPETRO and PRAJIND have both performed similar to SYMPHONY and can be considered by investors as alternative investment options.

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