Don't buy HOSPITALCHAINS THEME now, it is underperforming the market
14 Dec, 201813 min read
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~HOSPITALCHAINS ranked worse than it's peers today. On a longer term basis, investors in Hospital Chains made +0.02% per day. Friday's performance of -1.2% was a underperformance compared to it's daily average.
~HOSPITALCHAINS showed a bearish trend over the last 3 months. During this period ~HOSPITALCHAINS fell by -5.34% and saw a maximum drawdown of -7.68%. There were 2 short signals during this period that returned a cumulative of +1.87% to investors.
~HOSPITALCHAINS has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 20 Apr, 2017 to 10 Aug, 2018. Over the last 2 years 8 months and 14 days, ~HOSPITALCHAINS underperformed the NIFTY-50 index on 51% days.
~HOSPITALCHAINS returned losses on 59% days in the last three months. During this time, it delivered on average -0.09% per day. It delivered it's best daily return of +2.92%, during this period, on Monday, 29 Oct, 2018. The longest stort-term trend during this period was 5 losing days, which started on 4 Dec, 2018 and ended on 10 Dec, 2018. This bearish trend lost -4.14% of investor capital.
During the last year ~HOSPITALCHAINS had 5 profitable months and 7 loss making months. Profitable number of months of ~HOSPITALCHAINS and NIFTY-50 index were the same. ~HOSPITALCHAINS was also a more risky investment than NIFTY-50 index as it's worst month in the last year, May 2018, returned -9.47% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~HOSPITALCHAINS and NIFTY-50 index, both had periods of 2 consecutive profitable months. It is interesting to note that both ~HOSPITALCHAINS and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
~HOSPITALCHAINS 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 ~HOSPITALCHAINS's volatility from 18 Sep, 2018 to 24 Sep, 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 ~HOSPITALCHAINS 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.
~HOSPITALCHAINS has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ~HOSPITALCHAINS must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than ~HOSPITALCHAINS.
Based on your interest in ~HOSPITALCHAINS you may find it interesting to know that VIPIND and VINATIORGA are both small caps that have shown remarkable performance and deserve to be on every investors' watchlist.
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