Study: Buy AJANTPHARM when above 200 SMA

home > technical-strategy > ajantpharm > 58

In this study, we evaluate the performance of strategy "Buy AJANTPHARM when above 200 SMA" under various conditions.

X Analysis

In the table below, we find out the performance of this trading strategy under following scenario: buy AJANTPHARM at the closing price whenever the signal triggers (Rs. 2Lac per trade). Then cover the position "X" trading days later at close_price i.e. sell after "X" trading days. Here are the results of this study:

X DaysNet ProfitTotal TradesWinning TradesLosing Trades% ProfitableAvg Winning TradeMax Winning TradeAvg Losing TradeMax Losing TradeWin/Loss RatioProfit FactorSharpe RatioAvg Trade
112506.2734191555.883533.0910077.98-3641.49-9487.090.971.230.019367.83
22436.62341717505671.8531031.03-5528.52-14202.71.031.030.002171.67
3-44657.9934161847.066592.8427027.03-8341.3-26710.630.790.7-0.03-1313.47
4-38332.1434201458.825899.4624824.82-11165.81-39571.310.530.75-0.023-1127.42
5-19426.4434191555.886892.0630230.23-10025.04-28858.220.690.87-0.012-571.37
64960.7234211361.768702.6735635.64-13676.56-27603.510.641.030.0025145.9
757359.8734221264.7110901.8957857.86-15206.81-27478.040.721.310.0241687.06
810134334211361.7612426.0361261.26-12277.21-29183.841.011.630.0422980.67
914623634221264.7113697.0863863.86-12924.99-36273.71.061.940.0564301.06
1013680334221264.7114979.0458458.46-16061.35-50948.060.931.710.0474023.61
Although, strategy looks good but profit factor on day 3 is less than minimum accepted value so avoid this, see below for further analysis.

Strategy Analysis - Exit Criteria

In the study above, exit criterion was that hold the position for "X" trading days. That's one possible exit criterion. However, we can have more elaborate exit criteria. Now we study this strategy under other exit criteria. There are 3 things which you must get to know before proceeding further. Table below shows the performance of this strategy under various exit combinations. Note that nil,nil,-1 is a special exit combination where we just take the best result of "X" Analysis study above.

Stop LossAdjust Stop LossTargetAvg Holding PeriodNet ProfitTotal TradesWinning TradesLosing Trades% ProfitableAvg Winning TradeMax Winning TradeAvg Losing TradeMax Losing TradeWin/Loss RatioProfit FactorSharpe RatioAvg Trade
atrnil39.5611648543133030.2332333.7746517.77-10128.46-17595.913.191.380.0322708.96
atrtrail-16.4653386.055017333417429.3155213.93-7360.98-15288.852.371.220.0161067.72
atrtrail35.844953.125017333416933.2644483.29-7360.98-15288.852.31.190.015899.06
atrnil27.0730421.8645162935.5620262.8331011.85-10130.46-17595.9121.10.01676.04
atrtrail25.0417471.145018323614440.5229655.53-7576.82-15288.851.911.070.0069349.42

In the table above, row 1 shows the best exit criterion. Profit factor is 1.38. Strategy is showing mildly bullish results but we advice not to take a call solely on the basis of this study. Percentage of profitable trades is 30.23%, which is not acceptable. Avoid this strategy. Average return per trade is 1.35%, which is not very high, don't trade solely on the basis of this study. Sharpe Ratio is 0.032, which is low, don't trade solely on the basis of this study.
In the chart below, we plot cumulative trade gain versus trades using the best exit criterion.
AJANTPHARM Performance, Profit Factor:1.38

Yearwise Summary of trades in above chart

YearNumber of TradesTrade Dates
2018229 Jan 2018 (-3.2%), 01 Feb 2018 (-3.59%)
2016422 Jun 2016 (-2.7%), 17 Oct 2016 (-2.91%), 11 Nov 2016 (-4.1%), 15 Nov 2016 (-4.71%)
2015324 Aug 2015 (-4.86%), 07 Sep 2015 (17.05%), 09 Nov 2015 (-3.44%)
2014113 Jan 2014 (9.28%)
2013710 Jun 2013 (-4.5%), 11 Jun 2013 (-4.97%), 13 Jun 2013 (16.48%), 01 Aug 2013 (-6.53%), 06 Aug 2013 (-6.84%), 22 Aug 2013 (21.98%), 11 Dec 2013 (-3.53%)
2012215 Oct 2012 (-4.04%), 09 Nov 2012 (-3.78%)
2011319 Aug 2011 (15.48%), 17 Nov 2011 (13.64%), 19 Dec 2011 (17.59%)
2010607 May 2010 (-5.54%), 19 May 2010 (16.89%), 06 Aug 2010 (-3.47%), 12 Aug 2010 (11.12%), 16 Nov 2010 (-4.4%), 18 Nov 2010 (-4.93%)
2007427 Jul 2007 (-5.1%), 30 Jul 2007 (-5.36%), 06 Aug 2007 (18.45%), 17 Oct 2007 (-6.57%)
2005517 Jan 2005 (23.26%), 24 Mar 2005 (-6.23%), 01 Aug 2005 (13.54%), 23 Sep 2005 (-5.33%), 11 Oct 2005 (-4.94%)
2004416 Jan 2004 (-6.5%), 21 Jan 2004 (-7.64%), 22 Jan 2004 (-8.8%), 25 Oct 2004 (15.42%)
2003214 Oct 2003 (-6.74%), 20 Oct 2003 (-6.66%)



View performance of other stocks for this trading system.

Get Clearnifty's Android App.

Get clearnifty on Google Play
Get clearnifty on Google Play