THANGAMAYIL JEWELLERY LTD delivered good returns on Wednesday. It grew by +1.96% to close at 358.9. On a day when the overall market breadth was 70%, it closed higher than 68% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0084%.
Buy-and-Hold investors in THANGAMAYL experienced a maximum drawdown of -24.95% over the last three months. It returned -0.11% during this flat trending period. There were no long signals during this period, where the short signal generated profits of +0.11% for investors.
THANGAMAYL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 12 Dec, 2017. Over the last 3 years and 1 month, THANGAMAYL outperformed the NIFTY-50 index on 48% days. Which indicates that on days THANGAMAYL 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 THANGAMAYL delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +14.84%) was on Tuesday, 30 Oct, 2018. While it's worst loss in the same period (of -6.4%) was on Thursday, 22 Nov, 2018. There was initially a bearish trend during this period which started on 31 Oct, 2018 and went on till 6 Nov, 2018. The trend delivered -17.5% losses to investors. This was followed by a bullish trend that started on 16 Nov, 2018 and ended on 21 Nov, 2018. This bullish trend delivered +9.25% to investors.
THANGAMAYL had 3 profitable and 9 loss making months over the last year. During the last year, THANGAMAYL underperformed NIFTY-50 index on monthly return basis. THANGAMAYL significantly outperformed NIFTY-50 index in Oct 2018, when it returned +24.09% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. THANGAMAYL had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from May 2018 to Sep 2018) during which period it delivered -52.1%. It is interesting to note that both THANGAMAYL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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THANGAMAYL 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 THANGAMAYL's volatility from 24 Oct, 2018 to 3 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 THANGAMAYL has significant negative skewness in it's return distribution. This indicates that THANGAMAYL is very risky for short-term investment and can significantly underperform for long durations.
THANGAMAYL has more chance of extreme outcomes than the NIFTY-50 index. Therefore, THANGAMAYL must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than THANGAMAYL.
On a general note (since you are interested in THANGAMAYL), ASTRAZEN is a small cap that deserves to be closely tracked for investment opportunities.
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