Relaxo Footwears (BOM:530517) Momentum Rank : 4 (As of May. 04, 2024)

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What is Relaxo Footwears Momentum Rank?

Relaxo Footwears has the Momentum Rank of 4.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Relaxo Footwears's Momentum Rank

For the Footwear & Accessories subindustry, Relaxo Footwears's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Relaxo Footwears's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Relaxo Footwears's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Relaxo Footwears's Momentum Rank falls into.

Relaxo Footwears Momentum Rank Related Terms

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Relaxo Footwears (BOM:530517) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Relaxo Footwears Ltd (BOM:530517) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RELAXO:India

Address

Aggarwal City Square, Plot No. 10, Mangalam Palace, District Centre, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.relaxofootwear.com

Relaxo Footwears Ltd manufactures footwear in India that it sells under the brand names Flite, Bahamas, Hawaii, Sparx, Schoolmate, Elena, and Casualz. Roughly half of the company's production is non-leather footwear, including a wide variety of slippers. Relaxo sells its products directly through its company-owned retail stores and online shopping portal, and Relaxo sells its products wholesale to distributors and through export operations. The Company has only one segment Footwear and related products. The vast majority of sales are generated in India, where the company's hundreds of Relaxo Shoppe retail stores are located.

Relaxo Footwears (BOM:530517) Headlines

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