First Quarter mi50 report – Up 25.97%

A good first quarter to start with. Always a confidence booster to be in the money on start.

The mi50 strategy has yielded 25.97% absolute return for the period Apr-Jun 2016. The Nifty 50 in the same period yielded 7.1%, CNX 500 8.2%, CNX 200 7.5% and CNX small cap 19%. The composition of mi50 is strictly not comparable to any one benchmark, yet we are pleased to have outperformed them all.

 

image (34)

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The internals of the strategy are healthy.

Wins Avg win Losses Avg loss
45.00 29.74% 9 -3.33%

The distribution of the sectors is as follows :

image (27)

Sugar and Cement have contributed significantly to the positive momentum.

 

The stock returns distribution is shown below. There are 3 stocks at or above 100% returns with several that look like will join that club soon.

 

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Some chartists including myself are of the firm opinion that we may be on the edge of a massive uptrend that will take us to new highs on the broader market. I expect mi50 to keep up the out-performance in that case.  Have a good evening!

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