VISAKA INDUSTRIES LIMITED underperformed today. It delivered -0.13% to close at 427.7. It's recent 5 day performance has been -0.58%, +0.37%, +1.68%, -3.51% and +0.53%.
VISAKAIND is currently in a bearish trend. Over the last three months trading short signals has not been a profitable strategy for VISAKAIND's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned -2.47%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to VISAKAIND.
VISAKAIND has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 17 Feb, 2016 to 15 Jan, 2018. Over the last 3 years and 1 month, VISAKAIND outperformed the NIFTY-50 index on 46% days. Which indicates that on days VISAKAIND outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
VISAKAIND returned losses on 54% days in the last three months. During this time, it delivered on average -0.0% per day. It delivered it's best daily return of +10.01%, during this period, on Thursday, 13 Dec, 2018. The longest stort-term trend during this period was 7 losing days, which started on 30 Nov, 2018 and ended on 10 Dec, 2018. This bearish trend lost -16.46% of investor capital.
The last 12 months saw VISAKAIND's investors making profits in 3 months and incurring losses in 9 months. VISAKAIND was less consistent in delivering monthly returs than NIFTY-50 index. VISAKAIND was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -22.98% compared to -6.42% returned by NIFTY-50 index in Sep 2018. VISAKAIND had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Nov 2018 to Jan 2019) during which period it delivered -10.7%. It is interesting to note that both VISAKAIND and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.
-- T.T. Munger
VISAKAIND 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 VISAKAIND's volatility from 22 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 VISAKAIND has significant negative skewness in it's return distribution. This indicates that VISAKAIND is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than VISAKAIND. Therefore, NIFTY-50 must receive a lower allocation than VISAKAIND in your portfolio. NIFTY-50 index usually has shorter drawdown period than VISAKAIND.
Based on your interest in VISAKAIND you may find it interesting to know that ~CHEMICALS, BAJFINANCE and NIFTY-GS-15YRPLUS have all shown remarkable performance and qualify to be on every investor's watchlist.
... 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