5388.0 +51.95 (+0.96%) Sell

TIDEWATER investors hold onto their investments as it marginally outperforms

13 min read

TIDEWATER is looking better than most other alternatives today. On a longer term basis, investors in TIDE WATER OIL LTD made +0.12% per day. Tuesday's performance of +0.96% was a significant outperformance compared to it's daily average.

[Themes containing TIDEWATER]

Buy-and-Hold investors in TIDEWATER experienced a maximum drawdown of -11.06% over the last three months. It returned -2.7% 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 +4.01%.


TIDEWATER has been underperforming the NIFTY-50 index in recent time, after having outperformed till 8 Jan, 2016. Over the last 2 years and 12 months, TIDEWATER underperformed the NIFTY-50 index on 56% days.

During the last three months TIDEWATER was mostly loss making and delivered on average -0.03% per day. It's best return during this period (of +10.01%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -3.6%) was on Wednesday, 17 Oct, 2018. There was initially a bullish trend during this period which started on 9 Oct, 2018 and went on till 16 Oct, 2018. The bullish trend returned +6.45% to investors. This was followed by a bearish trend that started on 19 Nov, 2018 and ended on 27 Nov, 2018. This bearish trend lost -5.02% of investor capital.

On monthly basis, TIDEWATER delivered losses in more months over the last year, than profits. TIDEWATER delivered profits less regularly than NIFTY-50 index. TIDEWATER significantly outperformed NIFTY-50 index in Oct 2018, when it returned +11.51% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. TIDEWATER had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -13.72%. It is interesting to note that both TIDEWATER and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

It's good to have money and the things that money can buy, but It's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.
-- George Lorimer

TIDEWATER 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 TIDEWATER's volatility from 31 Oct, 2018 to 10 Dec, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.

Advanced/professional short-term investors should note that TIDEWATER has significant negative skewness in it's return distribution. This indicates that TIDEWATER is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in TIDEWATER), three instruments that deserve special mention are BAJFINANCE, ~MKTCAP201TO250 and DMART. They have all outperformed the market and must be closely watched for investment opportunities.

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