How our Trading Algorithms beat the September markets
Some of Algokart’s clients generated more returns in a month than a savings account would in an entire year! Here’s a brief overview of how that happened
September was a rollercoaster ride for investors. Nifty, after seeing a downfall in the beginning of the month recovered while clocking its highest one day gain over a decade and ending around 11400 by the end of the month.
Investors were dejected in the first half of the month. Like Greenday, they also didn’t want to be woken up before September ended. Algokart investors, however, did wake up to good returns.
Donchian Channel & ORDR, two of our algorithms were able to ride the trend, generating more than 6.5% returns in September!
While our other consistent algorithm Seasonal Stars, which bets on seasonal stocks (It bet on quite a few pharma stocks this month) gave more than 3% returns for our clients.
Some of our algorithms in comparison with one of the leading equity mutual funds in India.
The ORDR algorithm is based on market microstructure. It tries to spot stocks with increasing retail interest and the ones experiencing buying pressure. Some of the good buys of the algorithm in September were Union Bank and NCC both of which saw more than 11% gain in the month.
Donchian channel captures stocks which are in a trend and have been increasing steadily.
Crossover formula algorithm captured some great upswing in stocks like BATAINDIA and INDIGO. It is based on the technical analysis tool Moving Average which when compared with moving averages of different timeframes can give great stock picks.
Many investors trusted Algokart with their capital and we are happy to announce that we are serving more than 300 clients and managing over ₹40L across our different algorithms.
Overall September was a good month for our clients, with most of our algorithms having more than 60% accuracy and picking some of the biggest gainers of the month.
Here’s the performance summary of some of our equity algorithms.
We are humbled by the trust that our early adopters have put in us and are looking to serve more clients. We believe the way forward for the advisory industry is only though brutal transparency. More reports coming up soon!
We’re revolutionising the way India invests, check us out at https://algokart.in :)
