RELAXO outperformed today. On a longer term basis, investors in RELAXO FOOT LTD. made +0.15% per day. Friday's performance of +1.2% was a outperformance compared to it's daily average.
RELAXO showed a bullish trend over the last 3 months. During this period RELAXO surged by +4.63% and saw a maximum drawdown of -10.27%. It has been unusually choppy during this period. Long term investors are better off avoiding investing in RELAXO till volatility reduces and a clear trend emerges.
RELAXO has been outperforming the NIFTY-50 index in recent time. It showed significant outperformance (compared to the NIFTY-50 index) from 4 Aug, 2017 to 31 Oct, 2018. Over the last 3 years and 1 month, RELAXO outperformed the NIFTY-50 index on 49% days. Which indicates that on days RELAXO outperforms the NIFTY-50 index, it's performance is marginally better than on the days it underperforms the NIFTY-50 index.
RELAXO was profitable on 52% days in the last three months. During this time, it delivered on average +0.08% per day. It delivered it's best daily return of +3.7%, during this period, on Monday, 22 Oct, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 28 Dec, 2018 and went on till 7 Jan, 2019. This bullish trend returned +4.19% to investors.
The last 12 months saw RELAXO's investors making profits in 7 months and incurring losses in 5 months. During the last year, RELAXO delivered profits in more months than NIFTY-50 index. RELAXO significantly outperformed NIFTY-50 index in Jul 2018, when it returned +17.56% compared to +6.56% returned by NIFTY-50 index during it's best month in the last one year - Jul 2018. RELAXO had a longer winning streak of profitable months than NIFTY-50 index. It went up in 3 straight months (from Mar 2018 to May 2018) during which period it delivered +13.81%. It is interesting to note that both RELAXO and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
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RELAXO is currently seeing overall increase in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in RELAXO's volatility from 23 Oct, 2018 to 15 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that RELAXO has negative skewness in it's return distribution. This indicates that investors may need to stay invested through long periods of drawdown before expecting a recovery.
NIFTY-50 index has more chance of extreme outcomes than RELAXO. Therefore, NIFTY-50 must receive a lower allocation than RELAXO in your portfolio. NIFTY-50 index usually has shorter drawdown period than RELAXO.
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