RELAXO FOOTWEARS (India) Today

RELAXO -  India Stock  

INR 1,148  3.55  0.31%

RELAXO FOOTWEARS is trading at 1147.95 as of the 23rd of July 2021, a -0.31 percent down since the beginning of the trading day. The stock's open price was 1151.5. RELAXO FOOTWEARS has about a 37 percent probability of financial distress in the next few years of operation but had a somewhat solid performance during the last 90 days. Equity ratings for RELAXO FOOTWEARS LTD are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of April 2021 and ending today, the 23rd of July 2021. Click here to learn more.
 Market Performance
18 of 100
  Odds Of Distress
Less than 37
Follow Valuation Odds of Bankruptcy
Check how we calculate scores

RELAXO FOOTWEARS Stock Profile

Relaxo Footwears Limited manufactures and sells footwear for men, women, and children worldwide. Relaxo Footwears Limited was founded in 1976 and is based in New Delhi, India. RELAXO FOOTWEARS operates under Footwear Accessories classification in India and is traded on Bombay Stock Exchange. It employs 7852 people. more on RELAXO FOOTWEARS
About 75.0% of the company outstanding shares are owned by corporate insiders
Legal NameRELAXO FOOTWEARS LTD
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 RELAXO FOOTWEARS's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong BuyUndervalued
RELAXO FOOTWEARS LTD (RELAXO) is traded on Bombay Stock Exchange in India and employs 7,852 people. The company currently falls under 'Mega-Cap' category with current market capitalization of 289.94 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate RELAXO FOOTWEARS's market, we take the total number of its shares issued and multiply it by RELAXO FOOTWEARS'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. RELAXO FOOTWEARS LTD operates under Consumer Cyclical sector and is part of Footwear & Accessories industry. The entity has 248.25 M outstanding shares. RELAXO FOOTWEARS LTD has accumulated about 321.2 M in cash with 3.19 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.3.
Check RELAXO FOOTWEARS Probability Of Bankruptcy
Ownership
RELAXO FOOTWEARS LTD has a total of 248.25 Million outstanding shares. RELAXO FOOTWEARS holds majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company outstanding shares. 75.06 pct. of RELAXO FOOTWEARS LTD outstanding shares that are owned by insiders implies they have been buying or selling the stock in recent months in anticipation of some upcoming event. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.

Ownership Allocation (%)

Check RELAXO Ownership Details

RELAXO Stock Price Odds Analysis

What are RELAXO FOOTWEARS's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of RELAXO FOOTWEARS jumping above the current price in 90 days from now is about 14.97%. The RELAXO FOOTWEARS LTD probability density function shows the probability of RELAXO FOOTWEARS stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon RELAXO FOOTWEARS has a beta of 0.1581 indicating as returns on the market go up, RELAXO FOOTWEARS average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding RELAXO FOOTWEARS LTD will be expected to be much smaller as well. Additionally, the company has an alpha of 0.4275, implying that it can generate a 0.43 percent excess return over DOW after adjusting for the inherited market risk (beta).
 Odds Down 1147.95HorizonTargetOdds Up 1147.95 
84.95%90 days
 1,148 
14.97%
Based on a normal probability distribution, the odds of RELAXO FOOTWEARS to move above the current price in 90 days from now is about 14.97 (This RELAXO FOOTWEARS LTD probability density function shows the probability of RELAXO Stock to fall within a particular range of prices over 90 days) .

RELAXO FOOTWEARS LTD Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. RELAXO FOOTWEARS market risk premium is the additional return an investor will receive from holding RELAXO FOOTWEARS 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 RELAXO FOOTWEARS. 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 RELAXO FOOTWEARS's alpha and beta are two of the key measurements used to evaluate RELAXO FOOTWEARS's performance over the market, the standard measures of volatility play an important role as well.

RELAXO Stock Against Markets

Picking the right benchmark for RELAXO FOOTWEARS 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 RELAXO FOOTWEARS 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 RELAXO FOOTWEARS is critical whether you are bullish or bearish towards RELAXO FOOTWEARS LTD at a given time.

Be your own money manager

Our tools can tell you how much better you can do entering a position in RELAXO FOOTWEARS without increasing your portfolio risk or giving up expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate.risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Performance Analysis Now

   

Performance Analysis

Check effects of mean-variance optimization against your current asset allocation
All  Next Launch Module
Additionally, take a look at Your Equity Center. Note that the RELAXO FOOTWEARS LTD information on this page should be used as a complementary analysis to other RELAXO FOOTWEARS'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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Other Tools for RELAXO Stock

When running RELAXO FOOTWEARS LTD price analysis, check to measure RELAXO FOOTWEARS'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 RELAXO FOOTWEARS is operating at the current time. Most of RELAXO FOOTWEARS's value examination focuses on studying past and present price action to predict the probability of RELAXO FOOTWEARS's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move RELAXO FOOTWEARS's price. Additionally, you may evaluate how the addition of RELAXO FOOTWEARS to your portfolios can decrease your overall portfolio volatility.
Commodity Channel Index
Use Commodity Channel Index to analyze current equity momentum
Go
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Go
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Go
Earnings Calls
Check upcoming earnings announcements updated hourly across public exchanges
Go
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Go
Probability Of Bankruptcy
Get analysis of equity chance of financial distress in the next 2 years
Go
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Go
Volatility Analysis
Get historical volatility and risk analysis based on latest market data
Go
Pair Correlation
Compare performance and examine fundamental relationship between any two equity instruments
Go
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Go
Portfolio Suggestion
Get suggestions outside of your existing asset allocation including your own model portfolios
Go