UNITY INFRAPROJECTS LTD

1.4 -0.05 (-3.45%) Sell

The party never started for UNITY investors as it ranked among the worst performers

16 min read

UNITY INFRAPROJECTS LTD delivered massive losses on Friday. It returned -3.45% to close at 1.4 which is it's 52 week low, down -80% from it's 52 week high.

[Themes containing UNITY]

UNITY is currently in a down trend. Over the last three months 3 bearish signals have generated a profit of +19.28% for investors.

Trend

UNITY has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jan, 2016. Over the last 3 years and 1 month, UNITY underperformed the NIFTY-50 index on 57% days.

UNITY returned losses on 78% days in the last three months. During this time, it delivered on average -0.35% per day. It delivered it's worst daily return of -3.45%, during this period, on Friday, 18 Jan, 2019. There was initially a bearish trend during this period which started on 14 Nov, 2018 and went on till 15 Nov, 2018. The trend delivered -5.8% losses to investors. This was followed by a bullish trend that started on 16 Nov, 2018 and ended on 26 Nov, 2018. This bullish trend delivered +11.61% to investors.

On monthly basis, UNITY delivered losses in more months over the last year, than profits. UNITY delivered profits less regularly than NIFTY-50 index. UNITY was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -29.31% compared to -6.11% returned by NIFTY-50 index in Sep 2018. UNITY had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Feb 2018 to Jun 2018) during which period it delivered -102.77%. It is interesting to note that both UNITY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"Price is what you pay and value is what you get.

UNITY is becoming more 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 UNITY's volatility from 19 Oct, 2018 to 30 Oct, 2018. 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 UNITY has significant negative skewness in it's return distribution. This indicates that UNITY is very risky for short-term investment and can significantly underperform for long durations.

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

On a general note (since you are interested in UNITY), if you are evaluating UNITY as an investment candidate, then you should read about SURYALAXMI which has delivered similar performance and can help diversify your portfolio.

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