1460.6 -2.15 (-0.15%) Sell

Waiting to invest in WHIRLPOOL? Look for alternatives because it underperformed

14 min read

WHIRLPOOL underperformed today. On a longer term basis, investors in WHIRLPOOL OF INDIA LTD made +0.16% per day. Friday's performance of -0.15% was a underperformance compared to it's daily average.

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WHIRLPOOL showed a bearish trend over the last 3 months. During this period WHIRLPOOL delivered -3.23% and saw a maximum drawdown of -14.82%. There was a short signal during this period which returned +3.23%.


WHIRLPOOL has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 29 Jan, 2016 to 6 Aug, 2018. Over the last 3 years and 1 month, WHIRLPOOL outperformed the NIFTY-50 index on 49% days. Which indicates that on days WHIRLPOOL outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.

During the last three months WHIRLPOOL was mostly loss making and delivered on average -0.03% per day. It's best return during this period (of +5.38%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -4.56%) was on Friday, 26 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 26 Nov, 2018 and went on till 4 Dec, 2018. This bullish trend returned +2.67% to investors.

The last 12 months saw WHIRLPOOL's investors making profits in 7 months and incurring losses in 5 months. During the last year, WHIRLPOOL delivered profits in more months than NIFTY-50 index. WHIRLPOOL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -23.74% compared to -6.42% returned by NIFTY-50 index in Sep 2018. WHIRLPOOL and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both WHIRLPOOL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

You can only become truly accomplished at something you love. Don't make money your goal. Instead, pursue the things you love doing, and then do them so well that people can't take their eyes off you.
-- Maya Angelou

WHIRLPOOL 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 WHIRLPOOL's volatility from 31 Oct, 2018 to 18 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 WHIRLPOOL has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.

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

Based on your interest in WHIRLPOOL you may find it interesting to know that KPRMILL and 3MINDIA have both performed similar to WHIRLPOOL and can be considered by investors as alternative investment options.

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