Courier Services showed marginal outperformance on Friday. It delivered -1.46% to close at 595.498. On a day when the overall market breadth was 71%, it closed higher than 18% of the market. In comparison, the benchmark NIFTY-50 index closed today at +0.13%.
~COURIERSERVICES showed a bearish trend over the last 3 months. During this period ~COURIERSERVICES delivered -4.83% and saw a maximum drawdown of -16.75%. There were 2 short signals during this period that returned a cumulative of +11.5% to investors.
~COURIERSERVICES has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 8 Jan, 2016 to 1 Oct, 2018. Over the last 2 years 11 months and 13 days, ~COURIERSERVICES underperformed the NIFTY-50 index on 51% days.
During the last three months ~COURIERSERVICES was mostly loss making and delivered on average -0.06% per day. It's best return during this period (of +5.68%) was on Wednesday, 21 Nov, 2018. While it's worst loss in the same period (of -5.04%) was on Friday, 28 Sep, 2018. The longest stort-term trend during this period was 7 losing days, which started on 30 Nov, 2018 and ended on 10 Dec, 2018. This bearish trend lost -8.88% of investor capital.
The last 12 months saw ~COURIERSERVICES's investors making profits in 4 months and incurring losses in 8 months. ~COURIERSERVICES was less consistent in delivering monthly returs than NIFTY-50 index. ~COURIERSERVICES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -17.52% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~COURIERSERVICES had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Aug 2018 to Oct 2018) during which period it delivered -25.14%. It is interesting to note that both ~COURIERSERVICES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Many folks think they aren't good at earning money, when what they don't know is how to use it.
-- Frank A. Clark
~COURIERSERVICES 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 surge in ~COURIERSERVICES's volatility from 19 Sep, 2018 to 3 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 ~COURIERSERVICES has significant negative skewness in it's return distribution. This indicates that ~COURIERSERVICES is very risky for short-term investment and can significantly underperform for long durations.
NIFTY-50 index has more chance of extreme outcomes than ~COURIERSERVICES. Therefore, NIFTY-50 must receive a lower allocation than ~COURIERSERVICES in your portfolio. NIFTY-50 index usually has shorter drawdown period than ~COURIERSERVICES.
Based on your interest in ~COURIERSERVICES you may find it interesting to know that SPLIL, HEG and VMART have all shown remarkable performance this year and deserve to be on every investor's watchlist.
... 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