TAJGVK has destroyed investor wealth today. On a longer term basis, investors in TAJ GVK HOTELS & RESORTS made +0.1% per day. Friday's performance of -2.14% was a underperformance compared to it's daily average.
TAJGVK showed a bullish trend over the last 3 months. During this period TAJGVK increased by +5.64% and saw a maximum drawdown of -11.26%. There was a long signal during this period which returned +1.88%.
TAJGVK has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 16 Mar, 2016 to 24 Apr, 2018. Over the last 3 years and 1 month, TAJGVK outperformed the NIFTY-50 index on 44% days. Which indicates that on days TAJGVK 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 TAJGVK delivered losses on 59% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.22%) was on Thursday, 22 Nov, 2018. While it's worst loss in the same period (of -5.88%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 4 losing days, which started on 23 Oct, 2018 and ended on 26 Oct, 2018. This bearish trend lost -6.61% of investor capital.
The last 12 months saw TAJGVK's investors making profits in 6 months and incurring losses in 6 months. During the last year, TAJGVK delivered profits in more months than NIFTY-50 index. TAJGVK significantly outperformed NIFTY-50 index in Apr 2018, when it returned +35.45% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. TAJGVK had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +5.55%. It is interesting to note that both TAJGVK and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Finance, like time, devours its own children.
-- Honore de Balzac
TAJGVK 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 fall in TAJGVK's volatility from 22 Oct, 2018 to 18 Jan, 2019. 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 TAJGVK has significant negative skewness in it's return distribution. This indicates that TAJGVK is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than TAJGVK. Therefore, NIFTY-50 must receive a lower allocation than TAJGVK in your portfolio. NIFTY-50 index usually has shorter drawdown period than TAJGVK.
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