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
Chance of Distress in 24 months
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 TrendCheck current 30 days RELAXO FOOTWEARS correlation with market (DOW)|
β = -0.136
RELAXO FOOTWEARS Central Daily Price Deviation
RELAXO FOOTWEARS LTD Technical Analysis
RELAXO FOOTWEARS Projected Return Density Against MarketAssuming 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
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
|Alpha over DOW||=||0.28|
|Beta against DOW||=||0.14|
RELAXO FOOTWEARS Return Volatilitythe 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.
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
RELAXO FOOTWEARS Current Risk Indicators
|Risk Adjusted Performance||0.1899|
|Market Risk Adjusted Performance||(2.04)|
|Coefficient Of Variation||521.67|
RELAXO FOOTWEARS Suggested Diversification Pairs