MKTCAP351TO400 THEME shows sign of weakness as investors do cost averaging

Market Cap 351-400 showed marginal outperformance today. It increased by +0.03% to close at 730.611. It's recent 5 day performance has been +0.51%, +2.96%, +0.9%, -1.82% and -0.41%.

[Theme constituents]

~MKTCAP351TO400 is currently in a bearish trend. The current bearish signal has generated a profit of +32.31% for investors in the last three months.

Trend

Monthly Performance

Alpha (outperformance)

Heatmap

Volatility

Return distribution

~MKTCAP351TO400 has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 8 Jan, 2018 to 30 Nov, 2018. Over the last 1 year 11 months and 14 days, ~MKTCAP351TO400 underperformed the NIFTY-50 index on 50% days. Which indicates that on days ~MKTCAP351TO400 underperforms the NIFTY-50 index, it's performance is marginally worse than on the days it outperforms the NIFTY-50 index.

During the last three months ~MKTCAP351TO400 was mostly loss making and delivered on average -0.61% per day. It's best return during this period (of +3.8%) was on Wednesday, 10 Oct, 2018. While it's worst loss in the same period (of -18.29%) was on Friday, 12 Oct, 2018. The longest stort-term trend during this period was 7 losing days, which started on 17 Oct, 2018 and ended on 26 Oct, 2018. This bearish trend lost -8.68% of investor capital.

The last 12 months saw ~MKTCAP351TO400's investors making profits in 4 months and incurring losses in 8 months. ~MKTCAP351TO400 was less consistent in delivering monthly returs than NIFTY-50 index. ~MKTCAP351TO400 was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Oct 2018, returned -21.74% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~MKTCAP351TO400 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 -19.28%. It is interesting to note that both ~MKTCAP351TO400 and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

Wealth is like sea-water; the more we drink, the thirstier we become; and the same is true of fame.
-- Arthur Schopenhauer

~MKTCAP351TO400 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 ~MKTCAP351TO400'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 ~MKTCAP351TO400 has significant positive skewness in it's return distribution. This indicates that investors can expect ~MKTCAP351TO400 to recover from drawdowns quickly. Which makes ~MKTCAP351TO400 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 ~MKTCAP351TO400. Therefore, NIFTY-50 must receive a lower allocation than ~MKTCAP351TO400 in your portfolio. ~MKTCAP351TO400 usually has shorter drawdown period than the NIFTY-50 index.

Based on your interest in ~MKTCAP351TO400 you may find it interesting to know that ~MINING, THYROCARE and ~BHARTIGRP have all performed similar to ~MKTCAP351TO400 and qualify as alternative investment candidates that must be evaluated for diversification.