Mi50 at an ATH – +52.46% YTD

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Mi50 finally closed the week at its All Time High at +52.46% for FY1617. This is in contrast with +13.6% for NSE50 and +18.3% for CNX500.

There were no changes this week as well. image-29image-30


The longest drawdown to-date of nearly 15% in November 2016 has lasted for about three months.


The current trades are doing well with more than half a dozen lurking in the near 100% gain category.


The diversification is quite distributed. A further segmentation of the “Industrial” segment probably is needed.


The internals of the Mi50 are robust. The current win: loss is about 4:1, much above the targeted 2:1 and the overall churn of 1.1x is also within expected realms of 1.5x churn per year.


Wins Avg Losses Avg
Invested 38 37.77% 7 -9.07%
Exited  38 32.48% 22 -8.58%

The market is within a few pct of its ATH. I would expect it to wiggle around this mark for sometime before decisively breaking out to much higher ground.

The party is delayed due to loss of a  family member recently. I don’t feel like celebrating. Have a Happy Weekend.

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6 years ago

Very good performance Alok 52% is great by any standard.
Steel pipe sector (one of my 4 picks) started momentum last week I guess.
I am surprised your system is not making any entry or exit. Turning point – ‘Triple Top’ in Market? I could be wrong.

6 years ago


6 years ago

Great.Congrats !

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September 2, 2016 by Weekend Investing

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    Mi50 at an ATH – +52.46% YTD