RELAXO FOOTWEARS (India) Risk Analysis And Volatility

RELAXO -- India Stock  

INR 499.00  9.00  1.84%

Macroaxis considers RELAXO FOOTWEARS very steady given 3 months investment horizon. RELAXO FOOTWEARS LTD maintains Sharpe Ratio (i.e. Efficiency) of 0.1762 which implies the corporation had 0.1762% of return per unit of volatility over the last 3 months. Our approach towards forecasting volatility of a stock is to use all available market data together with stock specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for RELAXO FOOTWEARS LTD which you can use to evaluate future volatility of the company. Please employ RELAXO FOOTWEARS LTD Semi Deviation of 0.6706 and Risk Adjusted Performance of 0.1899 to confirm if our risk estimates are consistent with your expectations.

90 Days Market Risk

Very steady

Chance of Distress in 24 months

Very Small

90 Days Economic Sensitivity

Moves indifferently to market moves
Horizon     30 Days    Login   to change

RELAXO FOOTWEARS Market Sensitivity

As returns on market increase, returns on owning RELAXO FOOTWEARS are expected to decrease at a much smaller rate. During bear market, RELAXO FOOTWEARS is likely to outperform the market.
3 Months Beta |Analyze RELAXO FOOTWEARS LTD Demand Trend
Check current 30 days RELAXO FOOTWEARS correlation with market (DOW)
β = -0.136

RELAXO FOOTWEARS Central Daily Price Deviation

RELAXO FOOTWEARS LTD Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. RELAXO FOOTWEARS Typical Price indicator is an average of each day price and can be used instead of closing price when creating different RELAXO FOOTWEARS LTD moving average lines. View also all equity analysis or get more info about typical price price transform indicator.

RELAXO FOOTWEARS Projected Return Density Against Market

Assuming 30 trading days horizon, RELAXO FOOTWEARS LTD has beta of -0.136 . This implies as returns on benchmark increase, returns on holding RELAXO FOOTWEARS are expected to decrease at a much smaller rate. During bear market, however, RELAXO FOOTWEARS LTD is likely to outperform the market. Moreover, The company has an alpha of 0.2758 implying that it can potentially generate 0.2758% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of RELAXO FOOTWEARS is 567.46. The daily returns are destributed with a variance of 2.55 and standard deviation of 1.6. The mean deviation of RELAXO FOOTWEARS LTD is currently at 1.2. For similar time horizon, the selected benchmark (DOW) has volatility of 0.97
α
Alpha over DOW
=0.28
β
Beta against DOW=0.14
σ
Overall volatility
=1.60
Ir
Information ratio =0.20

RELAXO FOOTWEARS Return Volatility

the company accepts 1.5982% volatility on return distribution over the 30 days horizon. the entity inherits 0.9727% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

RELAXO FOOTWEARS Investment Opportunity

RELAXO FOOTWEARS LTD has a volatility of 1.6 and is 1.65 times more volatile than DOW. 14  of all equities and portfolios are less risky than RELAXO FOOTWEARS. Compared to the overall equity markets, volatility of historical daily returns of RELAXO FOOTWEARS LTD is lower than 14 () of all global equities and portfolios over the last 30 days. Use RELAXO FOOTWEARS LTD to enhance returns of your portfolios. The stock experiences large bullish trend. Check odds of RELAXO FOOTWEARS to be traded at 548.9 in 30 days. . As returns on market increase, returns on owning RELAXO FOOTWEARS are expected to decrease at a much smaller rate. During bear market, RELAXO FOOTWEARS is likely to outperform the market.

RELAXO FOOTWEARS correlation with market

correlation synergy
Good diversification
Overlapping area represents the amount of risk that can be diversified away by holding RELAXO FOOTWEARS LTD and equity matching DJI index in the same portfolio.

RELAXO FOOTWEARS Current Risk Indicators

RELAXO FOOTWEARS Suggested Diversification Pairs

Additionally take a look at Your Equity Center. Please also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
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