WENDT (INDIA) LIMITED delivered lacklustre performance on Tuesday. It returned -0.31% to close at 3006.2. On a day when the overall market breadth was 70%, it closed higher than 57% of the market. In comparison, the benchmark NIFTY-50 index closed today at -0.0036%.
Buy-and-Hold investors in WENDT experienced a maximum drawdown of -9.25% over the last three months. It gained +8.37% during this up trending period. There were both Long and Short signals during this period, while the long signals were significantly more profitable than the short signals.
WENDT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 3 Jan, 2018. Over the last 3 years and 1 month, WENDT outperformed the NIFTY-50 index on 47% days. Which indicates that on days WENDT outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
WENDT returned losses on 54% days in the last three months. During this time, it delivered on average +0.14% per day. It delivered it's best daily return of +5.59%, during this period, on Monday, 29 Oct, 2018. There was initially a bearish trend during this period which started on 14 Nov, 2018 and went on till 19 Nov, 2018. The trend delivered -5.81% losses to investors. This was followed by a bullish trend that started on 7 Dec, 2018 and ended on 13 Dec, 2018. This bullish trend delivered +4.98% to investors.
On monthly basis, WENDT delivered losses in more months over the last year, than profits. WENDT delivered profits less regularly than NIFTY-50 index. WENDT significantly outperformed NIFTY-50 index in Apr 2018, when it returned +27.73% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. WENDT and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both WENDT and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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-- Barack Obama
WENDT 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 WENDT's volatility from 24 Oct, 2018 to 17 Dec, 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 WENDT has significant negative skewness in it's return distribution. This indicates that WENDT is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than WENDT. Therefore, NIFTY-50 must receive a lower allocation than WENDT in your portfolio. NIFTY-50 index usually has shorter drawdown period than WENDT.
Based on your interest in WENDT you may find it interesting to know that HINDUNILVR, BRITANNIA and BAJFINANCE are large caps that have all shown remarkable performance and qualify to be on every investor's watchlist.
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