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Buying the NIFTY 500’s 20 biggest losers of the past year and holding them for a year lost money: about −1% a year over 12½ years, against about +13% for the index, with an 80% fall along the way. Last year’s losers mostly kept losing.
· 5 min read
Holding the NIFTY 500’s 30 least volatile stocks, rebalanced quarterly, passed all eight of our checks: about 15% a year after costs against about 13% for the index, with a −26% worst drawdown against the index’s −38%. The return edge came mostly before 2020.
· 6 min read
Holding the NIFTY 500’s 15 strongest stocks, and selling only when they drop out of the top 30, passed all eight of our checks: CAGR of about 22% after costs, against about 13% for the index. The catch is a −49% drawdown, deeper than the index’s.
· 6 min read