TATA GLOBAL BEVERAGES LTD performed worse than the broader market on Friday. It delivered -0.87% to close at 216.25. On a day when the overall market breadth was 71%, it closed higher than 48% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
Buy-and-Hold investors in TATAGLOBAL experienced a maximum drawdown of -12.8% over the last three months. It delivered -4.82% 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.
TATAGLOBAL has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 27 May, 2016 to 12 Jan, 2018. Over the last 3 years and 1 month, TATAGLOBAL outperformed the NIFTY-50 index on 48% days. Which indicates that on days TATAGLOBAL 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 TATAGLOBAL delivered profits on 52% days. However, it still managed to end this period in a loss. It's best return during this period (of +4.98%) was on Wednesday, 12 Dec, 2018. While it's worst loss in the same period (of -4.16%) was on Wednesday, 31 Oct, 2018. The longest stort-term trend during this period was 5 profitable days, which started on 18 Dec, 2018 and went on till 24 Dec, 2018. This bullish trend returned +4.22% to investors.
The last 12 months saw TATAGLOBAL's investors making profits in 4 months and incurring losses in 8 months. TATAGLOBAL was less consistent in delivering monthly returs than NIFTY-50 index. TATAGLOBAL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -9.61% compared to -6.42% returned by NIFTY-50 index in Sep 2018. TATAGLOBAL had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Jul 2018 to Oct 2018) during which period it delivered -17.62%.
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TATAGLOBAL 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 TATAGLOBAL's volatility from 31 Oct, 2018 to 15 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 TATAGLOBAL has significant positive skewness in it's return distribution. This indicates that investors can expect TATAGLOBAL to recover from drawdowns quickly. Which makes TATAGLOBAL a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Investors trading in TATAGLOBAL derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
NIFTY-50 index has more chance of extreme outcomes than TATAGLOBAL. Therefore, NIFTY-50 must receive a lower allocation than TATAGLOBAL in your portfolio. NIFTY-50 index usually has shorter drawdown period than TATAGLOBAL.
Based on your interest in TATAGLOBAL you may find it interesting to know that NIITTECH is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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