Aditya Birla Group managed to marginally outperform the broader market on Friday. It gained +0.68% to close at 1289.39. It is currently trading -32% below it's 52 week high of 1920.6.
~ADITYABIRLAGRP showed a strong down trend over the last 3 months. During this period ~ADITYABIRLAGRP lost -10.93% and saw a maximum drawdown of -17.39%. There were 2 short signals during this period that returned a cumulative of +8.48% to investors.
~ADITYABIRLAGRP has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jan, 2018. Over the last 2 years 11 months and 13 days, ~ADITYABIRLAGRP underperformed the NIFTY-50 index on 50% days. Which indicates that on days ~ADITYABIRLAGRP underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
~ADITYABIRLAGRP returned losses on 52% days in the last three months. During this time, it delivered on average -0.18% per day. It delivered it's best daily return of +4.15%, during this period, on Friday, 12 Oct, 2018. There was initially a bearish trend during this period which started on 3 Oct, 2018 and went on till 9 Oct, 2018. The trend delivered -7.79% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 5 Nov, 2018. This bullish trend delivered +9.28% to investors.
~ADITYABIRLAGRP had 5 profitable and 7 loss making months over the last year. During the last year, number of profitable months of ~ADITYABIRLAGRP and NIFTY-50 index were the same. ~ADITYABIRLAGRP was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Mar 2018, returned -12.79% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~ADITYABIRLAGRP had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -26.04%. It is interesting to note that both ~ADITYABIRLAGRP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"Your net worth to the world is usually determined by what remains after your bad habits are subtracted from your good ones.
~ADITYABIRLAGRP is becoming more volatile overall. In comparison, the NIFTY-50 index is seeing a fall in volatility. During the last three months, there was a significant surge in ~ADITYABIRLAGRP's volatility from 19 Sep, 2018 to 12 Oct, 2018. While there was a significant fall in the NIFTY-50 index's volatility from 21 Sep, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that ~ADITYABIRLAGRP 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.
~ADITYABIRLAGRP has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ~ADITYABIRLAGRP must receive a lower allocation than NIFTY-50 in your portfolio. ~ADITYABIRLAGRP usually has shorter drawdown period than the NIFTY-50 index.
On a general note (since you are interested in ~ADITYABIRLAGRP), two instruments that have been extremely volatile in recent times are NIFTY50-DIV-POINT and IEX. Investors in these instruments should consider reducing their exposure (to NIFTY50-DIV-POINT and IEX) and diversifying their portfolios.
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