TTK PRESTIGE LTD outperformed the broader market on Friday. It increased by +1.41% to close at 7678.15. On a day when the overall market breadth was 71%, it closed higher than 60% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.02%.
TTKPRESTIG showed a strong bullish trend over the last 3 months. During this period TTKPRESTIG increased by +23.39% and saw a maximum drawdown of -8.65%. There was a long signal during this period which returned +23.39%.
TTKPRESTIG has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 19 Jan, 2018 to 20 Aug, 2018. Over the last 3 years and 1 month, TTKPRESTIG outperformed the NIFTY-50 index on 46% days. Which indicates that on days TTKPRESTIG 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 TTKPRESTIG was mostly profitable and delivered on average +0.35% per day. It's best return during this period (of +5.46%) was on Wednesday, 28 Nov, 2018. While it's worst loss in the same period (of -2.84%) was on Monday, 22 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 14 Dec, 2018 and ended on 24 Dec, 2018. This bearish trend lost -8.96% of investor capital.
During the last year TTKPRESTIG had 6 profitable months and 6 loss making months. TTKPRESTIG returned profits in more months than NIFTY-50 index. TTKPRESTIG significantly outperformed NIFTY-50 index in Aug 2018, when it returned +15.52% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. TTKPRESTIG had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -24.94%. It is interesting to note that both TTKPRESTIG and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misappraised.
TTKPRESTIG is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in TTKPRESTIG's volatility from 19 Oct, 2018 to 17 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 TTKPRESTIG has significant negative skewness in it's return distribution. This indicates that TTKPRESTIG is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than TTKPRESTIG. Therefore, NIFTY-50 must receive a lower allocation than TTKPRESTIG in your portfolio. NIFTY-50 index usually has shorter drawdown period than TTKPRESTIG.
Based on your interest in TTKPRESTIG you may find it interesting to know that BAJFINANCE and TORNTPHARM are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.
... 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