VIJAY SHANTHI BUILD LTD

6.55 -0.29 (-4.38%) Sell

VIJSHAN investors looking to exit as part of sectoral rotation

13 min read

VIJAY SHANTHI BUILD LTD was among the worst performers today. It delivered -4.38% to close at 6.55. During the last week it delivered -5.07% and saw a maximum drawdown of -5.07%.

[Themes containing VIJSHAN]

Buy-and-Hold investors in VIJSHAN experienced a maximum drawdown of -23.84% over the last three months. It delivered -4.38% during this bearish trending period. There were no long signals during this period, where the short signal generated profits of +4.38% for investors.

Trend

VIJSHAN has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 22 Dec, 2017 to 22 Jan, 2019. One must note that VIJSHAN is currently at it's worst performance to the NIFTY-50 index which makes it a bad investment candidate. Over the last 3 years and 1 month, VIJSHAN underperformed the NIFTY-50 index on 55% days.

During the last three months VIJSHAN was mostly loss making and delivered on average -0.02% per day. It's best return during this period (of +9.87%) was on Friday, 9 Nov, 2018. While it's worst loss in the same period (of -6.02%) was on Thursday, 22 Nov, 2018. The longest stort-term trend during this period was 10 profitable days, which started on 29 Oct, 2018 and went on till 12 Nov, 2018. This bullish trend returned +24.95% to investors.

The last 12 months saw VIJSHAN's investors making profits in 2 months and incurring losses in 10 months. VIJSHAN was less consistent in delivering monthly returs than NIFTY-50 index. VIJSHAN was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -22.47% compared to -6.42% returned by NIFTY-50 index in Sep 2018. VIJSHAN had a longer winning streak of losing months than NIFTY-50 index. It went down in 9 straight months (from Feb 2018 to Oct 2018) during which period it delivered -125.9%.

What we now call 'finance' is, I hold, an intellectual perversion of what began as warm human love.
-- Robert Graves

VIJSHAN 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 VIJSHAN's volatility from 23 Oct, 2018 to 17 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 VIJSHAN has significant negative skewness in it's return distribution. This indicates that VIJSHAN is very risky for short-term investment and can significantly underperform for long durations.

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

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

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