2251.95 -21.59 (-0.96%) Buy

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Search for alternative investments is on for GAS THEME investors as it shows weakness

14 min read

Gas showed weakness today. It fell by -0.96% to close at 2251.95. During the last week it increased by +2.68% and saw a maximum drawdown of -1.37% before bouncing back.

[Theme constituents]

~GAS is currently in a bullish trend. Over the last three months 2 bullish signals in ~GAS have generated a profit of +3.11% for investors.


~GAS has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 2 Jun, 2016 to 3 Nov, 2017. Over the last 3 years and 1 month, ~GAS outperformed the NIFTY-50 index on 50% days. Which indicates that on days ~GAS 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 ~GAS was mostly profitable and delivered on average +0.19% per day. It's best return during this period (of +4.24%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -2.14%) was on Friday, 21 Dec, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 12 Dec, 2018 and went on till 20 Dec, 2018. This bullish trend returned +7.68% to investors.

During the last year ~GAS had 7 profitable months and 5 loss making months. ~GAS returned profits in more months than NIFTY-50 index. ~GAS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -16.87% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~GAS had a longer winning streak of profitable months than NIFTY-50 index. It went up in 4 straight months (from Oct 2018 to Jan 2019) during which period it delivered +11.35%. It is interesting to note that both ~GAS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

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~GAS 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 ~GAS's volatility from 24 Oct, 2018 to 22 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 ~GAS 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.

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

Based on your interest in ~GAS you may find it interesting to know that ~HDFCGRP has delivered similar performance as ~GAS and can be considered as an alternative investment candidate (to ~GAS).

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