364.7 -1.49 (-0.41%) Buy

Search for alternative investments is on for TVTODAY investors as it underperforms

16 min read

TV TODAY NETWORK LTD underperformed on Tuesday. It fell by -0.41% to close at 364.7. It is currently trading -32% below it's 52 week high of 540.1.

[Themes containing TVTODAY]

TVTODAY is currently in a bullish trend. Over the last three months Buy-and-Hold has been a better strategy (returning -5.62%) for TVTODAY's investors than trading long signals.


TVTODAY has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 10 Aug, 2017 to 21 Mar, 2018. Over the last 3 years and 1 month, TVTODAY underperformed the NIFTY-50 index on 55% days.

TVTODAY returned losses on 54% days in the last three months. During this time, it delivered on average -0.08% per day. It delivered it's worst daily return of -4.99%, during this period, on Monday, 5 Nov, 2018. The longest stort-term trends during this period were 4 profitable and losing days. The bullish trend (which returned +2.82%) started on 13 Nov, 2018 and went on till 16 Nov, 2018 while the bearish trend (which returned -8.32%) started on 1 Nov, 2018 and went on till 6 Nov, 2018.

During the last year TVTODAY had 5 profitable months and 7 loss making months. Profitable number of months of TVTODAY and NIFTY-50 index were the same. TVTODAY was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -9.89% compared to -6.42% returned by NIFTY-50 index in Sep 2018. TVTODAY had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Apr 2018 to Jun 2018) during which period it delivered -14.42%. It is interesting to note that both TVTODAY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.

TVTODAY 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 TVTODAY's volatility from 31 Oct, 2018 to 2 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 TVTODAY has significant negative skewness in it's return distribution. This indicates that TVTODAY is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in TVTODAY), two instruments that have delivered similar performance as TVTODAY are GEECEE and TIMETECHNO. They are suitable as good alternative investment candidates that can diversify your portfolio.

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