Hinduja Group THEME

1436.77 -2.69 (-0.19%) Sell

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HINDUJAGRP THEME shows sign of weakness as investors do cost averaging

13 min read

Hinduja Group managed to outperform the broader market today. It fell by -0.19% to close at 1436.77. During the last week it surged by +3.29% and saw a maximum drawdown of -0.19% before bouncing back.

[Theme constituents]

~HINDUJAGRP is currently in a bearish trend. Over the last three months 2 bearish signals have generated a profit of +16.68% for investors.


~HINDUJAGRP has been underperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 14 Jul, 2016 to 23 Apr, 2018. Over the last 2 years 11 months and 13 days, ~HINDUJAGRP outperformed the NIFTY-50 index on 51% days.

~HINDUJAGRP returned losses on 57% days in the last three months. During this time, it delivered on average -0.39% per day. It delivered it's worst daily return of -3.84%, during this period, on Friday, 21 Sep, 2018. The longest stort-term trends during this period were 6 profitable and losing days. The bullish trend (which returned +5.85%) started on 31 Oct, 2018 and went on till 7 Nov, 2018 while the bearish trend (which returned -4.98%) started on 9 Nov, 2018 and went on till 16 Nov, 2018.

During the last year ~HINDUJAGRP had 5 profitable months and 7 loss making months. Profitable number of months of ~HINDUJAGRP and NIFTY-50 index were the same. ~HINDUJAGRP was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -14.5% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~HINDUJAGRP had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from May 2018 to Jul 2018) during which period it delivered -17.67%. It is interesting to note that both ~HINDUJAGRP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

To beat the market you'll have to invest serious bucks to dig up information no one else has yet.
-- Merton Miller

~HINDUJAGRP is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in ~HINDUJAGRP's volatility from 24 Sep, 2018 to 28 Nov, 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 ~HINDUJAGRP 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.

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

Based on your interest in ~HINDUJAGRP you may find it interesting to know that IGARASHI is a small cap that has shown remarkable performance and deserves to be on every investors' watchlist.

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