UTTAM SUGAR MILLS LTD. performed worse than the broader market today. It delivered -0.49% to close at 92.25. It's recent 5 day performance has been -0.38%, -1.17%, -3.09%, -1.52% and +0.46%.
UTTAMSUGAR showed a strong bearish trend over the last 3 months. During this period UTTAMSUGAR delivered -34.08% and saw a maximum drawdown of -43.21%. There was a short signal during this period which returned +15.4%.
UTTAMSUGAR has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 16 Feb, 2016 to 7 Aug, 2017. Over the last 3 years and 1 month, UTTAMSUGAR outperformed the NIFTY-50 index on 42% days. Which indicates that on days UTTAMSUGAR outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
UTTAMSUGAR returned losses on 64% days in the last three months. During this time, it delivered on average -0.61% per day. It delivered it's worst daily return of -9.21%, during this period, on Friday, 16 Nov, 2018. The longest stort-term trend during this period was 5 losing days, which started on 17 Jan, 2019 and ended on 23 Jan, 2019. This bearish trend lost -6.65% of investor capital.
The last 12 months saw UTTAMSUGAR's investors making profits in 5 months and incurring losses in 7 months. During the last year, UTTAMSUGAR delivered profits in more months than NIFTY-50 index. UTTAMSUGAR significantly outperformed NIFTY-50 index in Oct 2018, when it returned +46.99% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. UTTAMSUGAR had a longer winning streak of losing months than NIFTY-50 index. It went down in 5 straight months (from Mar 2018 to Jul 2018) during which period it delivered -46.72%. It is interesting to note that both UTTAMSUGAR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
I'm a great believer in luck, and I find the harder I work the more I have of it.
-- Thomas Jefferson
UTTAMSUGAR 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 UTTAMSUGAR's volatility from 29 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 UTTAMSUGAR has significant negative skewness in it's return distribution. This indicates that UTTAMSUGAR is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than UTTAMSUGAR. Therefore, NIFTY-50 must receive a lower allocation than UTTAMSUGAR in your portfolio. NIFTY-50 index usually has shorter drawdown period than UTTAMSUGAR.
Based on your interest in UTTAMSUGAR you may find it interesting to know that ~CHEMICALS, BRITANNIA and NIFTY-GS-15YRPLUS have all shown remarkable performance and qualify to be on every investor's watchlist.
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