~MACHINELUB showed marginal outperformance today. On a longer term basis, investors in Machine Lubricants made +0.03% per day. Friday's performance of -0.18% was a underperformance compared to it's daily average.
~MACHINELUB showed a bearish trend over the last 3 months. During this period ~MACHINELUB fell by -3.36% and saw a maximum drawdown of -10.37%. There was a short signal during this period which returned +3.36%.
~MACHINELUB has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 12 Dec, 2016 to 1 Oct, 2018. Over the last 2 years 11 months and 13 days, ~MACHINELUB underperformed the NIFTY-50 index on 53% days.
During the last three months ~MACHINELUB was mostly loss making and delivered on average -0.05% per day. It's best return during this period (of +3.03%) was on Wednesday, 31 Oct, 2018. While it's worst loss in the same period (of -2.4%) was on Friday, 5 Oct, 2018. The longest stort-term trend during this period was 9 losing days, which started on 18 Sep, 2018 and ended on 1 Oct, 2018. This bearish trend lost -7.66% of investor capital.
During the last year ~MACHINELUB had 5 profitable months and 7 loss making months. Profitable number of months of ~MACHINELUB and NIFTY-50 index were the same. ~MACHINELUB was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -11.1% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~MACHINELUB and NIFTY-50 index, both had periods of 2 consecutive losing months. It is interesting to note that both ~MACHINELUB and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
As long as you're going to be thinking anyway, think big.
-- Donald Trump
~MACHINELUB 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 ~MACHINELUB's volatility from 26 Oct, 2018 to 12 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 ~MACHINELUB has significant positive skewness in it's return distribution. This indicates that investors can expect ~MACHINELUB to recover from drawdowns quickly. Which makes ~MACHINELUB a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.
~MACHINELUB has more chance of extreme outcomes than the NIFTY-50 index. Therefore, ~MACHINELUB must receive a lower allocation than NIFTY-50 in your portfolio. ~MACHINELUB usually has shorter drawdown period than the NIFTY-50 index.
Based on your interest in ~MACHINELUB you may find it interesting to know that NIFTY-COMMODITIES and ~HOSPITALCHAINS have both performed similar to ~MACHINELUB and can be considered by investors as alternative investment options.
... 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