561.85 -0.4 (-0.07%) Sell

SYNGENE investors treading cautiously as performance is muted

13 min read

SYNGENE showed weakness today. On a longer term basis, investors in SYNGENE INTERNATIONAL LTD made +0.09% per day. Friday's performance of -0.07% was a significant underperformance compared to it's daily average.

[Themes containing SYNGENE]

Buy-and-Hold investors in SYNGENE experienced a maximum drawdown of -12.14% over the last three months. It lost -4.37% during this down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +0.59%.


SYNGENE has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, SYNGENE underperformed the NIFTY-50 index on 54% days.

During the last three months SYNGENE was mostly loss making and delivered on average -0.06% per day. It's best return during this period (of +4.46%) was on Friday, 14 Dec, 2018. While it's worst loss in the same period (of -2.97%) was on Thursday, 10 Jan, 2019. There was initially a bullish trend during this period which started on 2 Nov, 2018 and went on till 7 Nov, 2018. The bullish trend returned +3.21% to investors. This was followed by a bearish trend that started on 9 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -4.41% of investor capital.

SYNGENE had 7 profitable and 5 loss making months over the last year. SYNGENE was profitable in more months than NIFTY-50 index. SYNGENE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Nov 2018, returned -6.71% compared to -6.42% returned by NIFTY-50 index in Sep 2018. SYNGENE and NIFTY-50 index, both had periods of 2 consecutive profitable months.

If you took our top fifteen decisions out, we'd have a pretty average record. It wasn't hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on them with vigor.
-- Charlie Munger

SYNGENE 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 surge in SYNGENE's volatility from 15 Nov, 2018 to 14 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 SYNGENE has significant negative skewness in it's return distribution. This indicates that SYNGENE is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in SYNGENE), HATSUN has performed really well this year and deserves to be closely tracked for investment opportunities.

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