T T LIMITED was among the best performers today. It returned +0.85% to close at 65.2. During the last week it returned -3.34% and saw a maximum drawdown of -4.15% before bouncing back.
TTL is currently in a up trend. Over the last three months 2 bullish signals in TTL have generated a profit of +1.58% for investors.
During the last three months TTL delivered losses on 56% days. However, it still managed to end this period in a profit. It's best return during this period (of +10.54%) was on Tuesday, 11 Dec, 2018. While it's worst loss in the same period (of -6.4%) was on Thursday, 15 Nov, 2018. There was initially a bullish trend during this period which started on 2 Nov, 2018 and went on till 7 Nov, 2018. The bullish trend returned +9.85% to investors. This was followed by a bearish trend that started on 26 Nov, 2018 and ended on 29 Nov, 2018. This bearish trend lost -4.18% of investor capital.
On monthly basis, TTL delivered losses in more months over the last year, than profits. TTL delivered profits less regularly than NIFTY-50 index. TTL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -22.78% compared to -6.42% returned by NIFTY-50 index in Sep 2018. TTL and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both TTL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I owe my success to having listened respectfully to the very best advice, and then going away and doing the exact opposite.
-- G. K. Chesterton
TTL 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 TTL's volatility from 24 Oct, 2018 to 9 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 TTL has significant negative skewness in it's return distribution. This indicates that TTL is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than TTL. Therefore, NIFTY-50 must receive a lower allocation than TTL in your portfolio. NIFTY-50 index usually has shorter drawdown period than TTL.
Based on your interest in TTL you may find it interesting to know that RESPONIND is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.
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