TRIDENT LIMITED

69.95 -0.84 (-1.2%) Buy

TRIDENT investors re-evaluating their investment strategy

13 min read

TRIDENT LIMITED delivered lacklustre performance today. It delivered -1.2% to close at 69.95. During the last week it increased by +0.07% and saw a maximum drawdown of -3.85% before bouncing back.

[Themes containing TRIDENT]

TRIDENT is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning +10.59%) for TRIDENT's investors than trading long signals.

Trend

TRIDENT has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 19 Sep, 2017 to 23 Jul, 2018. Over the last 3 years and 1 month, TRIDENT underperformed the NIFTY-50 index on 52% days.

During the last three months TRIDENT was mostly profitable and delivered on average +0.18% per day. It's best return during this period (of +5.95%) was on Tuesday, 4 Dec, 2018. While it's worst loss in the same period (of -3.36%) was on Monday, 10 Dec, 2018. The longest stort-term trend during this period was 6 profitable days, which started on 31 Oct, 2018 and went on till 7 Nov, 2018. This bullish trend returned +12.42% to investors.

The last 12 months saw TRIDENT's investors making profits in 6 months and incurring losses in 6 months. During the last year, TRIDENT delivered profits in more months than NIFTY-50 index. TRIDENT significantly outperformed NIFTY-50 index in Aug 2018, when it returned +18.81% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. TRIDENT had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +25.35%. It is interesting to note that both TRIDENT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Try to save something while your salary is small; It's impossible to save after you begin to earn more.
-- Jack Benny

TRIDENT is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in TRIDENT's volatility from 19 Oct, 2018 to 31 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 TRIDENT has significant negative skewness in it's return distribution. This indicates that TRIDENT is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in TRIDENT you may find it interesting to know that BAJFINANCE, BRITANNIA and INFY are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.

All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.

We want to empower investors with all the tools and analysis required by them to make a rational investment decision.

If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute
Share with friends   WhatsApp   Facebook   Twitter