WEEK that was
We are NOT out of trouble yet, as the overall trend is STILL down. An interesting divergence showed up this week, while the Nifty was down, small and midcaps ended up positive. Auto is shining and taking on the new role of a leader while metals and IT are getting plummeted.
Here is a weekly update on our strategies.
MWM gained around 1% this week to close at 221.63% total returns. Our Overall outperformance to benchmarks is at 148%. The current Drawdown stands at -23.3%. We have averaged 24.31% CAGR since April 2017.
This week will have 2 Entries and 1 exits in MWM.
These are challenging times for Momentum and there is Nothing New happening!!. To understand how Momentum Investing works in the long run and how drawdowns are part of the game, please spare some time and watch this in-depth conversation
Mystic Wealth value lost 0.7% this week. Our Overall return stands at 121.05% since inception which is 16% CAGR. We have 13% in cash. Strategy outperformance to benchmarks stands at 47.32%. Over the last 3 years, MWV has clocked 24% CAGR making it one of the best options in the industry!!
This week will have 1 New Entry and NO Exits.
MWV is run by Dayanand Deshpande who is considered an authority on Special situation Investing in India. Over the years, Demergers and management change as a theme has generated amazing wealth for our long-term clients.
To know more about the underlying philosophy at MysticWealth Value (MWV). Please watch this detailed webinar
MMG is currently at -7.31% return, underperforming the benchmark by -1.85%. This is a new smallcase with 70/30 Equity-Gold allocation. Data for the Graphs is too less to make any sense.
Watch this video to understand the POWER of Asset Allocation in Momentum Investing.
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Happy Weekend.
MysticWealth.