T T LIMITED

65.2 +0.55 (+0.85%) Buy

Party time for TTL investors as it was among the best performers

13 min read

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.

[Themes containing TTL]

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.

Trend

TTL has been underperforming the NIFTY-50 index in recent time, after having outperformed till 3 Jan, 2018. Over the last 3 years and 1 month, TTL underperformed the NIFTY-50 index on 53% days.

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.

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