THE TINPLATE CO. (I) LTD is looking better than most other alternatives on Tuesday. It grew by +0.03% to close at 152.45. On a day when the overall market breadth was 70%, it closed higher than 74% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
Buy-and-Hold investors in TINPLATE experienced a maximum drawdown of -18.09% over the last three months. It grew by +2.18% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
TINPLATE has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, TINPLATE outperformed the NIFTY-50 index on 44% days. Which indicates that on days TINPLATE 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 TINPLATE delivered losses on 54% days. However, it still managed to end this period in a profit. It's best return during this period (of +5.88%) was on Tuesday, 8 Jan, 2019. While it's worst loss in the same period (of -4.68%) was on Monday, 10 Dec, 2018. There was initially a bullish trend during this period which started on 7 Nov, 2018 and went on till 14 Nov, 2018. The bullish trend returned +8.16% to investors. This was followed by a bearish trend that started on 4 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -10.58% of investor capital.
On monthly basis, TINPLATE delivered losses in more months over the last year, than profits. TINPLATE delivered profits less regularly than NIFTY-50 index. TINPLATE significantly outperformed NIFTY-50 index in Aug 2018, when it returned +29.27% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. TINPLATE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -31.97%. It is interesting to note that both TINPLATE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"The way to become rich is to put all your eggs in one basket and then watch that basket.
TINPLATE is becoming more 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 TINPLATE's volatility from 31 Oct, 2018 to 6 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 TINPLATE has significant negative skewness in it's return distribution. This indicates that TINPLATE is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than TINPLATE. Therefore, NIFTY-50 must receive a lower allocation than TINPLATE in your portfolio. NIFTY-50 index usually has shorter drawdown period than TINPLATE.
Based on your interest in TINPLATE you may find it interesting to know that BRITANNIA and HINDUNILVR are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.
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