Cement ranked better than it's peers on Friday. It delivered +1.72% to close at 1616.6. On a day when the overall market breadth was 71%, it closed higher than 52% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.13%.
Buy-and-Hold investors in ~CEMENT experienced a maximum drawdown of -18.07% over the last three months. It fell by -8.69% during this 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. The net profit from Short signals was +9.57%.
~CEMENT has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 3 Mar, 2016 to 5 Jan, 2018. Over the last 2 years 11 months and 13 days, ~CEMENT outperformed the NIFTY-50 index on 50% days. Which indicates that on days ~CEMENT 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 ~CEMENT delivered profits on 53% days. However, it still managed to end this period in a loss. It's best return during this period (of +2.83%) was on Friday, 12 Oct, 2018. While it's worst loss in the same period (of -3.24%) was on Friday, 28 Sep, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 26 Oct, 2018 and went on till 5 Nov, 2018. This bullish trend returned +8.73% to investors.
During the last year ~CEMENT had 4 profitable months and 8 loss making months. ~CEMENT returned profits in fewer months than NIFTY-50 index. ~CEMENT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -11.97% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~CEMENT 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 -16.84%. It is interesting to note that both ~CEMENT 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
~CEMENT is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in ~CEMENT's volatility from 12 Oct, 2018 to 4 Dec, 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 ~CEMENT has significant positive skewness in it's return distribution. This indicates that investors can expect ~CEMENT to recover from drawdowns quickly. Which makes ~CEMENT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~CEMENT has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ~CEMENT must receive a lower allocation than NIFTY-50 in your portfolio. ~CEMENT usually has shorter drawdown period than the NIFTY-50 index.
Based on your interest in ~CEMENT you may find it interesting to know that HATSUN has shown remarkable performance this year and deserves to be on every investors' watchlist.
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