UNITECH LTD ranked among the worst performers today. It delivered -2.7% to close at 1.8. During the last week it delivered -7.69% and saw a maximum drawdown of -7.69%.
Buy-and-Hold investors in UNITECH experienced a maximum drawdown of -21.74% over the last three months. It delivered -7.69% during this bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
UNITECH has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 2 Jan, 2018 to 22 Jan, 2019. Over the last 3 years and 1 month, UNITECH underperformed the NIFTY-50 index on 59% days.
UNITECH returned losses on 77% days in the last three months. During this time, it delivered on average -0.09% per day. It delivered it's best daily return of +12.82%, during this period, on Thursday, 25 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 24 Dec, 2018 and went on till 2 Jan, 2019. This bullish trend returned +4.94% to investors.
The last 12 months saw UNITECH's investors making profits in 1 months and incurring losses in 11 months. UNITECH was less consistent in delivering monthly returs than NIFTY-50 index. UNITECH was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -34.18% compared to -6.42% returned by NIFTY-50 index in Sep 2018. UNITECH had a longer winning streak of losing months than NIFTY-50 index. It went down in 6 straight months (from Aug 2018 to Jan 2019) during which period it delivered -73.84%. It is interesting to note that both UNITECH and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Know what you own, and know why you own it.
-- Peter Lynch
UNITECH is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in UNITECH's volatility from 24 Oct, 2018 to 7 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 UNITECH 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.
NIFTY-50 index has more chance of extreme outcomes than UNITECH. Therefore, NIFTY-50 must receive a lower allocation than UNITECH in your portfolio. NIFTY-50 index usually has shorter drawdown period than UNITECH.
Based on your interest in UNITECH you may find it interesting to know that LYPSAGEMS has delivered similar performance as UNITECH and can be considered as an alternative investment candidate (to UNITECH).
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