WOCKHARDT LIMITED was among the worst performers today. It fell by -2.38% to close at 489.35. It's recent 5 day performance has been -1.79%, +0.21%, -0.05%, -1.06% and -0.39%.
WOCKPHARMA is currently in a bearish trend. Over the last three months trading short signals has not been a profitable strategy for WOCKPHARMA's investors in general. However, this strategy had significantly lower risk when compared to Buy-and-Hold investing (which returned +1.8%). It is therefore better to tread with caution in the current downtrend by limiting your allocation to WOCKPHARMA.
WOCKPHARMA has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Jan, 2016 to 28 Aug, 2018. Over the last 3 years and 1 month, WOCKPHARMA underperformed the NIFTY-50 index on 56% days.
During the last three months WOCKPHARMA delivered losses on 51% days. However, it still managed to end this period in a profit. It's best return during this period (of +11.32%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -7.07%) was on Tuesday, 13 Nov, 2018. The longest stort-term trend during this period was 6 losing days, which started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -12.02% of investor capital.
During the last year WOCKPHARMA had 4 profitable months and 8 loss making months. WOCKPHARMA returned profits in fewer months than NIFTY-50 index. WOCKPHARMA was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -18.39% compared to -6.42% returned by NIFTY-50 index in Sep 2018. WOCKPHARMA had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -31.01%.
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WOCKPHARMA 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 WOCKPHARMA's volatility from 29 Oct, 2018 to 16 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 WOCKPHARMA has significant positive skewness in it's return distribution. This indicates that investors can expect WOCKPHARMA to recover from drawdowns quickly. Which makes WOCKPHARMA a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
Investors trading in WOCKPHARMA derivatives at this moment can consider 'Married Call' options strategy to receive better risk-adjusted returns.
NIFTY-50 index has more chance of extreme outcomes than WOCKPHARMA. Therefore, NIFTY-50 must receive a lower allocation than WOCKPHARMA in your portfolio. NIFTY-50 index usually has shorter drawdown period than WOCKPHARMA.
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