Reliance Adag Group THEME

441.348 +6.04 (+1.37%) Sell

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RELIANCEADAGGRP THEME investors take a moment to reassess their portfolio allocation

13 min read

Reliance ADAG Group delivered lacklustre performance today. It delivered +1.37% to close at 441.348. It's recent 5 day performance has been -0.46%, +2.31%, +1.45%, -4.32% and -0.39%.

[Theme constituents]

~RELIANCEADAGGRP is currently in a bearish trend. Over the last three months 3 bearish signals have generated a profit of +16.25% for investors.

Trend

~RELIANCEADAGGRP has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 5 Jan, 2016 to 1 Oct, 2018. Over the last 2 years 11 months and 13 days, ~RELIANCEADAGGRP underperformed the NIFTY-50 index on 53% days.

During the last three months ~RELIANCEADAGGRP was mostly loss making and delivered on average -0.48% per day. It's best return during this period (of +7.81%) was on Friday, 12 Oct, 2018. While it's worst loss in the same period (of -9.13%) was on Friday, 21 Sep, 2018. The longest stort-term trends during this period were 5 profitable and losing days. The bullish trend (which returned +18.71%) started on 29 Oct, 2018 and went on till 2 Nov, 2018 while the bearish trend (which returned -30.27%) started on 18 Sep, 2018 and went on till 25 Sep, 2018.

The last 12 months saw ~RELIANCEADAGGRP's investors making profits in 4 months and incurring losses in 8 months. ~RELIANCEADAGGRP was less consistent in delivering monthly returs than NIFTY-50 index. ~RELIANCEADAGGRP was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -34.94% compared to -6.42% returned by NIFTY-50 index in Sep 2018. ~RELIANCEADAGGRP had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Jan 2018 to Apr 2018) during which period it delivered -42.92%. It is interesting to note that both ~RELIANCEADAGGRP and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.

"A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.

~RELIANCEADAGGRP is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant surge in ~RELIANCEADAGGRP's volatility from 17 Sep, 2018 to 21 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 ~RELIANCEADAGGRP 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 ~RELIANCEADAGGRP. Therefore, NIFTY-50 must receive a lower allocation than ~RELIANCEADAGGRP in your portfolio. NIFTY-50 index usually has shorter drawdown period than ~RELIANCEADAGGRP.

Based on your interest in ~RELIANCEADAGGRP you may find it interesting to know that IGARASHI and HEG have both shown remarkable performance this year and deserve to be on every investors' watchlist.

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