WEST COAST PAPER MILLS LT

287.0 -5.01 (-1.75%) Sell

WSTCSTPAPR investors dump it for better alternatives

13 min read

WEST COAST PAPER MILLS LT was among the worst performers on Tuesday. It lost -1.75% to close at 287.0. It is currently trading -28% below it's 52 week high of 400.05.

[Themes containing WSTCSTPAPR]

Buy-and-Hold investors in WSTCSTPAPR experienced a maximum drawdown of -29.38% over the last three months. It lost -14.96% during this strong down trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals. The net profit from Short signals was +18.93%.

Trend

WSTCSTPAPR has been underperforming the NIFTY-50 index in recent time, after having outperformed till 1 Nov, 2018. Over the last 3 years and 1 month, WSTCSTPAPR outperformed the NIFTY-50 index on 48% days. Which indicates that on days WSTCSTPAPR 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 WSTCSTPAPR was mostly loss making and delivered on average -0.23% per day. It's best return during this period (of +6.38%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -4.99%) was on Thursday, 6 Dec, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 1 Nov, 2018. The bullish trend returned +16.26% to investors. This was followed by a bearish trend that started on 12 Nov, 2018 and ended on 20 Nov, 2018. This bearish trend lost -14.39% of investor capital.

WSTCSTPAPR had 5 profitable and 7 loss making months over the last year. During the last year, number of profitable months of WSTCSTPAPR and NIFTY-50 index were the same. WSTCSTPAPR significantly outperformed NIFTY-50 index in Aug 2018, when it returned +24.75% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. WSTCSTPAPR 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 -29.4%. It is interesting to note that both WSTCSTPAPR and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Empty pockets never held anyone back. Only empty heads and empty hearts can do that.
-- Norman Vincent Peale

WSTCSTPAPR 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 WSTCSTPAPR's volatility from 13 Dec, 2018 to 31 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 WSTCSTPAPR has significant negative skewness in it's return distribution. This indicates that WSTCSTPAPR is very risky for short-term investment and can significantly underperform for long durations.

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

Based on your interest in WSTCSTPAPR you may find it interesting to know that HATSUN is a mid cap that has shown remarkable performance and deserves to be on every investors' watchlist.

Want to improve your Portfolio's performance?

Spotalpha's Portfolio optimizer is all you need to improve your returns and reduce your risk.
Optimize Portfolio NOW
If you liked what you read here ...

... 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
Share with friends   WhatsApp   Facebook   Twitter