TRIVENI ENGG. & INDS. LTD

47.65 -0.69 (-1.45%) Buy

Search for alternative investments is on for TRIVENI investors as it performed worse than the broader market

13 min read

TRIVENI ranked among the worst performers today. On a longer term basis, investors in TRIVENI ENGG. & INDS. LTD made +0.12% per day. Friday's performance of -1.45% was a significant underperformance compared to it's daily average.

[Themes containing TRIVENI]

Buy-and-Hold investors in TRIVENI experienced a maximum drawdown of -15.47% over the last three months. It returned +4.5% during this up trending period. There were no short signals during this period, while the long signal generated profits of +4.5% for investors.

Trend

TRIVENI has been underperforming the NIFTY-50 index in recent time, after having outperformed till 7 Aug, 2017. Over the last 3 years and 1 month, TRIVENI underperformed the NIFTY-50 index on 56% days.

During the last three months TRIVENI delivered losses on 61% days. However, it still managed to end this period in a profit. It's best return during this period (of +9.92%) was on Monday, 12 Nov, 2018. While it's worst loss in the same period (of -6.79%) was on Wednesday, 28 Nov, 2018. There was initially a bullish trend during this period which started on 19 Oct, 2018 and went on till 24 Oct, 2018. The bullish trend returned +1.75% to investors. This was followed by a bearish trend that started on 14 Nov, 2018 and ended on 21 Nov, 2018. This bearish trend lost -15.31% of investor capital.

On monthly basis, TRIVENI delivered losses in more months over the last year, than profits. TRIVENI delivered profits less regularly than NIFTY-50 index. TRIVENI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -36.48% compared to -6.42% returned by NIFTY-50 index in Sep 2018. TRIVENI had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Sep 2018 to Nov 2018) during which period it delivered +29.62%. It is interesting to note that both TRIVENI and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

If you would be wealthy, think of saving as well as getting.
-- Benjamin Franklin

TRIVENI 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 TRIVENI's volatility from 19 Oct, 2018 to 1 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 TRIVENI has significant negative skewness in it's return distribution. This indicates that TRIVENI is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in TRIVENI), three small cap instruments that deserve special mention are IGARASHI, NIITTECH and VINATIORGA. They have all outperformed the market and must be closely watched for investment opportunities.

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