UNIVERSAL CABLES LTD managed to marginally outperform the broader market on Wednesday. It gained +0.87% to close at 255.25. On a day when the overall market breadth was 70%, it closed higher than 91% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0084%.
UNIVCABLES showed a strong up trend over the last 3 months. During this period UNIVCABLES gained +13.09% and saw a maximum drawdown of -26.77%. There were 4 long signals during this period that returned a cumulative of +3.13% to investors.
UNIVCABLES has been underperforming the NIFTY-50 index in recent time, after having outperformed till 7 Nov, 2018. Over the last 2 years 11 months and 1 days, UNIVCABLES outperformed the NIFTY-50 index on 44% days. Which indicates that on days UNIVCABLES outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
UNIVCABLES returned losses on 54% days in the last three months. During this time, it delivered on average +0.26% per day. It delivered it's worst daily return of -13.75%, during this period, on Friday, 9 Nov, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 7 Nov, 2018. The bullish trend returned +45.25% to investors. This was followed by a bearish trend that started on 31 Dec, 2018 and ended on 7 Jan, 2019. This bearish trend lost -5.87% of investor capital.
UNIVCABLES had 5 profitable and 7 loss making months over the last year. UNIVCABLES was profitable in more months than NIFTY-50 index. UNIVCABLES significantly outperformed NIFTY-50 index in Aug 2018, when it returned +49.25% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. UNIVCABLES and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both UNIVCABLES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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UNIVCABLES 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 UNIVCABLES's volatility from 30 Oct, 2018 to 23 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 UNIVCABLES has significant negative skewness in it's return distribution. This indicates that UNIVCABLES is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than UNIVCABLES. Therefore, NIFTY-50 must receive a lower allocation than UNIVCABLES in your portfolio. NIFTY-50 index usually has shorter drawdown period than UNIVCABLES.
On a general note (since you are interested in UNIVCABLES), three mid cap instruments that deserve special mention are CUB, KARURVYSYA and LTTS. They have all outperformed the market and must be closely watched for investment opportunities.
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