~JEWELLERY delivered good returns today. On a longer term basis, investors in Jewellery made +0.11% per day. Tuesday's performance of +0.18% was a significant outperformance compared to it's daily average.
~JEWELLERY showed a up trend over the last 3 months. During this period ~JEWELLERY grew by +2.58% and saw a maximum drawdown of -14.99%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in ~JEWELLERY till volatility reduces and a clear trend emerges.
~JEWELLERY has been underperforming the NIFTY-50 index in recent time, after having outperformed till 9 Jan, 2018. Over the last 3 years and 1 month, ~JEWELLERY underperformed the NIFTY-50 index on 51% days.
During the last three months ~JEWELLERY delivered losses on 53% days. However, it still managed to end this period in a profit. It's best return during this period (of +8.58%) was on Monday, 5 Nov, 2018. While it's worst loss in the same period (of -4.14%) was on Monday, 19 Nov, 2018. There was initially a bearish trend during this period which started on 12 Nov, 2018 and went on till 20 Nov, 2018. The trend delivered -11.92% losses to investors. This was followed by a bullish trend that started on 11 Dec, 2018 and ended on 17 Dec, 2018. This bullish trend delivered +5.42% to investors.
On monthly basis, ~JEWELLERY delivered losses in more months over the last year, than profits. ~JEWELLERY delivered profits less regularly than NIFTY-50 index. ~JEWELLERY significantly outperformed NIFTY-50 index in Aug 2018, when it returned +17.81% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. ~JEWELLERY 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 -23.32%. It is interesting to note that both ~JEWELLERY and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
Money often costs too much.
-- Ralph Waldo Emerson
~JEWELLERY is becoming less 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 ~JEWELLERY's volatility from 23 Oct, 2018 to 5 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 ~JEWELLERY 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.
NIFTY-50 index has more chance of extreme outcomes than ~JEWELLERY. Therefore, NIFTY-50 must receive a lower allocation than ~JEWELLERY in your portfolio. NIFTY-50 index usually has shorter drawdown period than ~JEWELLERY.
Based on your interest in ~JEWELLERY you may find it interesting to know that NIFTY-GS-15YRPLUS has shown remarkable performance and deserves to be on every investors' watchlist.
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