Monthly Performance Report - February '23
February has been a rollercoaster ride, with ups and downs that kept traders on their toes. Less up and more down actually. But, as always, some of the systematic trading and investing models have delivered positive returns even in these volatile times.
We started the month on a positive note, with the market attempting to recover from the previous week's losses. The first week saw Long India, Back-Up and Quick Short close in green.
Mid-month, things took a turn for the worse as fears of a global recession resurfaced. MSCI's decision to reduce its weightage with Adani and Alibaba's exit from Paytm added to the concerns, and the market struggled to find its footing. However, our High-Five and Alpha Ally models made a strong comeback, proving their worth even in challenging times.
By the end of the month, the Nifty 50 and Sensex benchmarks had registered their worst week in 8 months. The fear of interest rate hikes and weak liquidity drove the market down, with almost all sectoral indices taking a hit.
Quick Short, High-Five, and Alpha Ally managed to close in green, and if everything goes well, Nifty Rider should also outperform the benchmarks.
As always, we believe that a systematic approach to markets is the key to success in times of uncertainty, and the models have proven this once again. As we head into March, we are excited to announce a new feature on our app that will make trading even more accessible and convenient for our users.
So stay tuned, be systematic, and yes hunker down and let this storm pass. We'll be back with more updates next month!