{"id":1992761,"date":"2014-05-31T13:26:33","date_gmt":"2014-05-31T07:56:33","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=1992761"},"modified":"2014-09-09T12:03:30","modified_gmt":"2014-09-09T06:33:30","slug":"public-sector-banks-time-different","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2014\/05\/31\/public-sector-banks-time-different\/","title":{"rendered":"Public Sector Banks: Is this time different?"},"content":{"rendered":"

A tale of three indices<\/h3>\n

The NSE has three financial indices listed that provides a rare window into how different parts of the financial sector has performed over the years.<\/p>\n

\n
\n\n\n\n\n\n\n\n
Index<\/th>\nInception Date<\/th>\n<\/tr>\n<\/thead>\n
CNX PSU BANK<\/td>\n2004-01-01<\/td>\n<\/tr>\n
CNX FINANCE<\/td>\n2004-01-01<\/td>\n<\/tr>\n
CNX BANK<\/td>\n2000-01-01<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Return profiles<\/h3>\n

Returns in the financial sector comes with some very fat tails. If one could consult an oracle on the timing of these big swings, there’s a pretty packet for them.<\/p>\n

\"CNX<\/a><\/p>\n

\"CNX<\/a><\/p>\n

\"CNX<\/a><\/p>\n

Cumulative returns<\/h3>\n

If you had stayed invested since 2004-01-01, here’s how much you would have made:<\/p>\n

\n
\n\n\n\n\n\n\n\n
Index<\/th>\nCumulative returns<\/th>\n<\/tr>\n<\/thead>\n
CNX FINANCE<\/td>\n495%<\/td>\n<\/tr>\n
CNX BANK<\/td>\n455%<\/td>\n<\/tr>\n
CNX PSU BANK<\/td>\n265%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n

Note: These are cumulative numbers, not annualized returns<\/small><\/p>\n

\"CNX<\/a><\/p>\n

\"CNX<\/a><\/p>\n

\"CNX<\/a><\/p>\n

If you notice, PSU banks are yet to recover from the draw-down that occurred August-2013. <\/p>\n

Investors have been on a PSB binge ever since the Modi effect took shape. Will this time be different for investors?<\/p>\n

[stockquote]PSUBNKBEES[\/stockquote] [stockquote]BANKBEES[\/stockquote]<\/p>\n","protected":false},"excerpt":{"rendered":"

A tale of three indices The NSE has three financial indices listed that provides a rare window into how different parts of the financial sector has performed over the years. Index Inception Date CNX PSU BANK 2004-01-01 CNX FINANCE 2004-01-01 CNX BANK 2000-01-01 Return profiles Returns in the financial sector comes with some very fat … <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3471,9],"tags":[960],"class_list":["post-1992761","post","type-post","status-publish","format-standard","hentry","category-investing-insight","category-your-money","tag-returns","entry"],"_links":{"self":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1992761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/comments?post=1992761"}],"version-history":[{"count":0,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/posts\/1992761\/revisions"}],"wp:attachment":[{"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/media?parent=1992761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/categories?post=1992761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockviz.biz\/index.php\/wp-json\/wp\/v2\/tags?post=1992761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}