49.55 -0.25 (-0.5%) Buy

Search for alternative investments is on for TOKYOPLAST investors as it underperforms broader market

13 min read

TOKYO PLAST INTL LTD showed weakness on Wednesday. It returned -0.5% to close at 49.55. It is currently trading -61% below it's 52 week high of 127.35.

[Themes containing TOKYOPLAST]

Buy-and-Hold investors in TOKYOPLAST experienced a maximum drawdown of -8.44% over the last three months. It returned +13.26% during this strong 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. The net profit from Long signals was +5.76%.


TOKYOPLAST has been outperforming the NIFTY-50 index in recent time. Over the last 3 years and 1 month, TOKYOPLAST underperformed the NIFTY-50 index on 55% days.

During the last three months TOKYOPLAST delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +6.35%) was on Monday, 17 Dec, 2018. While it's worst loss in the same period (of -3.7%) was on Thursday, 15 Nov, 2018. There was initially a bullish trend during this period which started on 11 Dec, 2018 and went on till 17 Dec, 2018. The bullish trend returned +8.12% to investors. This was followed by a bearish trend that started on 27 Dec, 2018 and ended on 3 Jan, 2019. This bearish trend lost -7.61% of investor capital.

On monthly basis, TOKYOPLAST delivered losses in more months over the last year, than profits. TOKYOPLAST delivered profits less regularly than NIFTY-50 index. TOKYOPLAST was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -27.47% compared to -6.42% returned by NIFTY-50 index in Sep 2018. TOKYOPLAST 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 -84.83%. It is interesting to note that both TOKYOPLAST and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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TOKYOPLAST 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 TOKYOPLAST's volatility from 24 Oct, 2018 to 11 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 TOKYOPLAST has significant negative skewness in it's return distribution. This indicates that TOKYOPLAST is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in TOKYOPLAST), three mid cap instruments that deserve special mention are CUB, LTTS and HATSUN. They have all outperformed the market and must be closely watched for investment opportunities.

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