MKTCAP251TO300 THEME continues it's uptrend, although on a weaker note

Market Cap 251-300 managed to outperform the broader market today. It surged by +0.25% to close at 1236.11. It's recent 5 day performance has been +0.41%, +2.83%, +1.69%, -1.41% and -0.23%.

[Theme constituents]

~MKTCAP251TO300 is currently in a bullish trend. Over the last three months 2 bullish signals in ~MKTCAP251TO300 have generated a profit of +4.66% for investors.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~MKTCAP251TO300 has been outperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 9 Jan, 2018 to 1 Oct, 2018. Over the last 1 year and 12 months, ~MKTCAP251TO300 underperformed the NIFTY-50 index on 48% days. Which indicates that on days ~MKTCAP251TO300 underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.

~MKTCAP251TO300 returned losses on 55% days in the last three months. During this time, it delivered on average -0.12% per day. It delivered it's best daily return of +3.77%, during this period, on Wednesday, 10 Oct, 2018. The longest stort-term trend during this period was 14 losing days, which started on 18 Sep, 2018 and ended on 9 Oct, 2018. This bearish trend lost -19.04% of investor capital.

The last 12 months saw ~MKTCAP251TO300's investors making profits in 6 months and incurring losses in 6 months. During the last year, ~MKTCAP251TO300 delivered profits in more months than NIFTY-50 index. ~MKTCAP251TO300 was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -14.08% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~MKTCAP251TO300 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 +5.4%. It is interesting to note that both ~MKTCAP251TO300 and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Making money from enforcing patents is no more wrong than investing in preferred stock.
-- Nathan Myhrvold

~MKTCAP251TO300 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 ~MKTCAP251TO300's volatility from 17 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 ~MKTCAP251TO300 has significant positive skewness in it's return distribution. This indicates that investors can expect ~MKTCAP251TO300 to recover from drawdowns quickly. Which makes ~MKTCAP251TO300 a good candidate for investing on short-term bullish trends or even counter-trends hoping for a pull-back.

NIFTY-50 index has more chance of extreme outcomes than ~MKTCAP251TO300. Therefore, NIFTY-50 must receive a lower allocation than ~MKTCAP251TO300 in your portfolio. ~MKTCAP251TO300 usually has shorter drawdown period than the NIFTY-50 index.

Based on your interest in ~MKTCAP251TO300 you may find it interesting to know that BAJFINANCE and TCS are both large caps that have shown remarkable performance and deserve to be on every investors' watchlist.