Profit booking on the minds of HOMEAPPLIANCES THEME investors as it manages to marginally outperform broader market
18 Dec, 201813 min read
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Home Appliances managed to marginally outperform the broader market on Tuesday. It gained +0.49% to close at 2106.62. It is currently trading -18% below it's 52 week high of 2596.81.
~HOMEAPPLIANCES is currently in a up trend. Over the last three months 2 bullish signals in ~HOMEAPPLIANCES have generated a profit of +3.67% for investors.
~HOMEAPPLIANCES has been outperforming the NIFTY-50 index in recent time. Over the last 2 years and 12 months, ~HOMEAPPLIANCES outperformed the NIFTY-50 index on 54% days.
~HOMEAPPLIANCES was profitable on 51% days in the last three months. During this time, it delivered on average +0.05% per day. It delivered it's best daily return of +5.38%, during this period, on Friday, 12 Oct, 2018. There was initially a bearish trend during this period which started on 21 Sep, 2018 and went on till 1 Oct, 2018. The trend delivered -10.48% losses to investors. This was followed by a bullish trend that started on 29 Oct, 2018 and ended on 7 Nov, 2018. This bullish trend delivered +9.26% to investors.
~HOMEAPPLIANCES had 6 profitable and 6 loss making months over the last year. During the last year, number of profitable months of ~HOMEAPPLIANCES and NIFTY-50 index were the same. ~HOMEAPPLIANCES was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -17.47% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~HOMEAPPLIANCES had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Oct 2018 to Dec 2018) during which period it delivered +13.27%. It is interesting to note that both ~HOMEAPPLIANCES and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
~HOMEAPPLIANCES 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 ~HOMEAPPLIANCES'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 ~HOMEAPPLIANCES 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.
~HOMEAPPLIANCES has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ~HOMEAPPLIANCES must receive a lower allocation than NIFTY-50 in your portfolio. ~HOMEAPPLIANCES usually has shorter drawdown period than the NIFTY-50 index.
On a general note (since you are interested in ~HOMEAPPLIANCES), three instruments that deserve special mention are BAJFINANCE, ~MKTCAP201TO250 and ~CHEMICALS. They have all outperformed the market and must be closely watched for investment opportunities.
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