FILATEX INDIA is trading at 99.35 as of the 3rd of August 2021; that is -1.05 percent decrease since the beginning of the trading day. The stock's open price was 100.400002. Equity ratings for FILATEX INDIA LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 10th of February 2020 and ending today, the 3rd of August 2021. Click here to learn more.
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Filatex India Limited manufactures and trades in synthetic yarns and textiles primarily in India. Filatex India Limited was incorporated in 1990 and is based in New Delhi, India. FILATEX INDIA operates under Textile Manufacturing classification in India and is traded on Bombay Stock Exchange. It employs 2633 people. more on FILATEX INDIA
FILATEX INDIA LTD is not yet fully synchronised with the market data
FILATEX INDIA LTD has very high historical volatility over the last 90 days
About 74.0% of the company shares are held by company insiders
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of FILATEX INDIA's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Not RatedFairly Valued
FILATEX INDIA LTD (FILATEX) is traded on Bombay Stock Exchange in India and employs 2,633 people. The company currently falls under 'Large-Cap' category with current market capitalization of 23.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate FILATEX INDIA's market, we take the total number of its shares issued and multiply it by FILATEX INDIA's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. FILATEX INDIA LTD operates under Consumer Cyclical sector and is part of Textile Manufacturing industry. The entity has 220.82 M outstanding shares. FILATEX INDIA LTD has accumulated about 125.38 M in cash with 1.57 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.57.
Check FILATEX INDIA Probability Of Bankruptcy

FILATEX Stock Price Odds Analysis

What are FILATEX INDIA's target price odds to finish over the current price? Based on a normal probability distribution, the odds of FILATEX INDIA jumping above the current price in 90 days from now is about 35.77%. The FILATEX INDIA LTD probability density function shows the probability of FILATEX INDIA stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon FILATEX INDIA has a beta of 0.1575. This usually indicates as returns on the market go up, FILATEX INDIA average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding FILATEX INDIA LTD will be expected to be much smaller as well. Additionally, the company has an alpha of 0.528, implying that it can generate a 0.53 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 99.35HorizonTargetOdds Up 99.35 
64.10%90 days
Based on a normal probability distribution, the odds of FILATEX INDIA to move above the current price in 90 days from now is about 35.77 (This FILATEX INDIA LTD probability density function shows the probability of FILATEX Stock to fall within a particular range of prices over 90 days) .


Investors will always prefer to have the highest possible return on investment while minimizing volatility. FILATEX INDIA market risk premium is the additional return an investor will receive from holding FILATEX INDIA long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in FILATEX INDIA. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although FILATEX INDIA's alpha and beta are two of the key measurements used to evaluate FILATEX INDIA's performance over the market, the standard measures of volatility play an important role as well.

FILATEX Stock Against Markets

Picking the right benchmark for FILATEX INDIA stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in FILATEX INDIA stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for FILATEX INDIA is critical whether you are bullish or bearish towards FILATEX INDIA LTD at a given time.

View Currently Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with FILATEX INDIA stock to make a market-neutral strategy. Peer analysis of FILATEX INDIA could also be used in its relative valuation, which is a method of valuing FILATEX INDIA by comparing valuation metrics with similar companies.
Please check Investing Opportunities. Note that the FILATEX INDIA LTD information on this page should be used as a complementary analysis to other FILATEX INDIA's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Watchlist Optimization module to optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm.

Other Tools for FILATEX Stock

When running FILATEX INDIA LTD price analysis, check to measure FILATEX INDIA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy FILATEX INDIA is operating at the current time. Most of FILATEX INDIA's value examination focuses on studying past and present price action to predict the probability of FILATEX INDIA's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move FILATEX INDIA's price. Additionally, you may evaluate how the addition of FILATEX INDIA to your portfolios can decrease your overall portfolio volatility.
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