TULSI EXTRUSION LTD. is a falling knife that can bleed you if you catch it on Friday. It lost -5.88% to close at 0.8. On a day when the overall market breadth was 71%, it closed higher than 17% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.13%.
TULSI is currently in a down trend. The current bearish signal has generated a profit of +20.0% for investors in the last three months.
TULSI has been underperforming the NIFTY-50 index in recent time, after having outperformed till 12 Jan, 2016. Over the last 2 years 11 months and 13 days, TULSI underperformed the NIFTY-50 index on 52% days.
During the last three months TULSI was mostly loss making and delivered on average -0.28% per day. It's best return during this period (of +6.67%) was on Monday, 10 Dec, 2018. While it's worst loss in the same period (of -6.25%) was on Friday, 7 Dec, 2018. There was initially a bullish trend during this period which started on 26 Sep, 2018 and went on till 5 Oct, 2018. The bullish trend returned +16.7% to investors. This was followed by a bearish trend that started on 12 Nov, 2018 and ended on 14 Nov, 2018. This bearish trend lost -15.82% of investor capital.
TULSI had a really bad loss making streak over the last year, with no profitable months. During the last year, TULSI underperformed NIFTY-50 index on monthly return basis. TULSI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jan 2018, returned -26.67% compared to -6.42% returned by NIFTY-50 index in Sep 2018. TULSI had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from May 2018 to Aug 2018) during which period it delivered -64.6%.
Wealth is the ability to fully experience life.
-- Henry David Thoreau
TULSI 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 surge in TULSI's volatility from 19 Sep, 2018 to 26 Sep, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that TULSI has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
TULSI has more chance of extreme outcomes than the NIFTY-50 index. Therefore, TULSI must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than TULSI.
On a general note (since you are interested in TULSI), LTTS is a mid cap that deserves to be closely tracked for investment opportunities.
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