Entertainment THEME

1220.66 -20.59 (-1.69%) Sell

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ENTERTAINMENT THEME continues its fall as more investors loose confidence

14 min read

~ENTERTAINMENT trailed the broader market today. On a longer term basis, investors in Entertainment made +0.05% per day. Friday's performance of -1.69% was a significant underperformance compared to it's daily average.

[Theme constituents]

Buy-and-Hold investors in ~ENTERTAINMENT experienced a maximum drawdown of -7.87% over the last three months. It returned +0.62% during this flat trending period. There were both Long and Short signals during this period, while the long signals were marginally more profitable than the short signals.

Trend

~ENTERTAINMENT has been underperforming the NIFTY-50 index in recent time, after having outperformed till 21 Apr, 2017. Over the last 3 years and 1 month, ~ENTERTAINMENT underperformed the NIFTY-50 index on 51% days.

During the last three months ~ENTERTAINMENT was mostly profitable and delivered on average +0.01% per day. It's best return during this period (of +2.0%) was on Monday, 29 Oct, 2018. While it's worst loss in the same period (of -2.04%) was on Thursday, 25 Oct, 2018. There was initially a bullish trend during this period which started on 26 Oct, 2018 and went on till 9 Nov, 2018. The bullish trend returned +10.05% to investors. This was followed by a bearish trend that started on 3 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -5.5% of investor capital.

~ENTERTAINMENT had 4 profitable and 8 loss making months over the last year. During the last year, ~ENTERTAINMENT underperformed NIFTY-50 index on monthly return basis. ~ENTERTAINMENT was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -13.96% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~ENTERTAINMENT had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Apr 2018 to Jul 2018) during which period it delivered -25.64%.

But having said that, what's happening with campaign finance reform and our political culture is devastating.
-- Robert McChesney

~ENTERTAINMENT 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 fall in ~ENTERTAINMENT's volatility from 19 Oct, 2018 to 30 Nov, 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 ~ENTERTAINMENT has significant positive skewness in it's return distribution. This indicates that investors can expect ~ENTERTAINMENT to recover from drawdowns quickly. Which makes ~ENTERTAINMENT a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

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

On a general note (since you are interested in ~ENTERTAINMENT), CUB is a mid cap that deserves to be closely tracked for investment opportunities.

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