ZENSARTECH investors considering profit booking at current levels
18 Jan, 201913 min read
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ZENSAR TECHNOLOGIES LTD outperformed today. It surged by +0.92% to close at 235.0. During the last week it surged by +2.78% and saw a maximum drawdown of -1.54% before bouncing back.
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Buy-and-Hold investors in ZENSARTECH experienced a maximum drawdown of -17.95% over the last three months. It fell by -11.65% during this strong bearish trending period. There were both Long and Short signals during this period, where the short signals were significantly more profitable than the long signals.
ZENSARTECH has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 26 Oct, 2017 to 3 Oct, 2018. Over the last 3 years and 1 month, ZENSARTECH underperformed the NIFTY-50 index on 53% days.
ZENSARTECH was profitable on 50% days in the last three months. During this time, it delivered on average -0.16% per day. It delivered it's best daily return of +7.9%, during this period, on Tuesday, 30 Oct, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +17.45%) started on 26 Oct, 2018 and went on till 1 Nov, 2018 while the bearish trend (which returned -9.95%) started on 19 Nov, 2018 and went on till 26 Nov, 2018.
During the last year ZENSARTECH had 6 profitable months and 6 loss making months. ZENSARTECH returned profits in more months than NIFTY-50 index. ZENSARTECH significantly outperformed NIFTY-50 index in Apr 2018, when it returned +41.12% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ZENSARTECH had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Mar 2018 to May 2018) during which period it delivered +43.89%.
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ZENSARTECH 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 ZENSARTECH's volatility from 23 Oct, 2018 to 10 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 ZENSARTECH has significant negative skewness in it's return distribution. This indicates that ZENSARTECH is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ZENSARTECH. Therefore, NIFTY-50 must receive a lower allocation than ZENSARTECH in your portfolio. NIFTY-50 index usually has shorter drawdown period than ZENSARTECH.
Based on your interest in ZENSARTECH you may find it interesting to know that HATSUN and LTI are both mid caps that have shown remarkable performance and deserve to be on every investors' watchlist.
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