W.S.INDUSTRIES (I) LTD. managed to marginally outperform the broader market today. It lost 0.0% to close at 3.0. It's recent 5 day performance has been 0.0%, 0.0%, 0.0%, -4.76% and 0.0%.
WSI is currently in a down trend. The current bearish signal has generated a profit of +25.0% for investors in the last three months.
WSI returned losses on 86% days in the last three months. During this time, it delivered on average -0.65% per day. It delivered it's worst daily return of -5.0%, during this period, on Friday, 26 Oct, 2018. There was initially a bearish trend during this period which started on 19 Nov, 2018 and went on till 21 Nov, 2018. The trend delivered -13.06% losses to investors. This was followed by a bullish trend that started on 22 Nov, 2018 and ended on 3 Dec, 2018. This bullish trend delivered +4.29% to investors.
WSI had 3 profitable and 9 loss making months over the last year. During the last year, WSI underperformed NIFTY-50 index on monthly return basis. WSI was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Jun 2018, returned -27.46% compared to -6.88% returned by NIFTY-50 index in Oct 2018. WSI 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 -22.65%. It is interesting to note that both WSI and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Too many people spend money they earned..to buy things they don't want..to impress people that they don't like.
-- Will Rogers
WSI 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 WSI's volatility from 14 Nov, 2018 to 2 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 29 Oct, 2018 to 4 Dec, 2018.
Advanced/professional short-term investors should note that WSI 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 WSI. Therefore, NIFTY-50 must receive a lower allocation than WSI in your portfolio. NIFTY-50 index usually has shorter drawdown period than WSI.
On a general note (since you are interested in WSI), ~MUTHOOTGRP has performed really well and deserves to be closely tracked for investment opportunities.
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