Infrastructure managed to marginally outperform the broader market on Friday. It lost -0.37% to close at 997.101. It is currently trading -32% below it's 52 week high of 1484.09.
~INFRASTRUCTURE showed a strong down trend over the last 3 months. During this period ~INFRASTRUCTURE lost -22.27% and saw a maximum drawdown of -25.45%. There were 4 short signals during this period that returned a cumulative of +20.99% to investors.
~INFRASTRUCTURE has been underperforming the NIFTY-50 index in recent time, after having outperformed till 5 Jan, 2018. ~INFRASTRUCTURE is currently at it's worst performance to the NIFTY-50 index and therefore does not make a good investment candidate. Over the last 2 years 11 months and 13 days, ~INFRASTRUCTURE underperformed the NIFTY-50 index on 45% days. Which indicates that on days ~INFRASTRUCTURE underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.
~INFRASTRUCTURE returned losses on 57% days in the last three months. During this time, it delivered on average -0.4% per day. It delivered it's worst daily return of -7.22%, during this period, on Friday, 12 Oct, 2018. There was initially a bearish trend during this period which started on 18 Sep, 2018 and went on till 25 Sep, 2018. The trend delivered -12.15% losses to investors. This was followed by a bullish trend that started on 26 Oct, 2018 and ended on 2 Nov, 2018. This bullish trend delivered +9.2% to investors.
~INFRASTRUCTURE had 4 profitable and 8 loss making months over the last year. During the last year, ~INFRASTRUCTURE underperformed NIFTY-50 index on monthly return basis. ~INFRASTRUCTURE was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -18.24% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~INFRASTRUCTURE had a longer winning streak of losing months than NIFTY-50 index. It went down in 3 straight months (from Jan 2018 to Mar 2018) during which period it delivered -8.2%. It is interesting to note that both ~INFRASTRUCTURE and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Time is more value than money. You can get more money, but you cannot get more time.
-- Jim Rohn
~INFRASTRUCTURE 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 surge in ~INFRASTRUCTURE's volatility from 17 Sep, 2018 to 12 Oct, 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 ~INFRASTRUCTURE has significant positive skewness in it's return distribution. This indicates that investors can expect ~INFRASTRUCTURE to recover from drawdowns quickly. Which makes ~INFRASTRUCTURE a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~INFRASTRUCTURE has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ~INFRASTRUCTURE must receive a lower allocation than NIFTY-50 in your portfolio. ~INFRASTRUCTURE usually has shorter drawdown period than the NIFTY-50 index.
... we have a small favour to ask. Help us bring the power of algorithmic trading strategies to individual investors.
All content in this article was automatically generated by algorithms. This ensures that there are no human biases in the analysis provided. This approach to investing is not new and has been around for more than three decades. Yet, it has been available to only the most affluent or elite investors leaving individual investors to trade on emotions (such as fear and greed), intuition and poor analysis from third-parties. We want to change this.
We want to empower investors with all the tools and analysis required by them to make a rational investment decision.If you found Spotalpha useful, consider making a contribution. For as little as $5 you can support our efforts and it takes less than a minute. Thank you. Contribute