Deepak Fertilisers & Petrochemicals (BOM:500645) Momentum Rank : 4 (As of Jun. 18, 2024)

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What is Deepak Fertilisers & Petrochemicals Momentum Rank?

Deepak Fertilisers & Petrochemicals 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 Deepak Fertilisers & Petrochemicals's Momentum Rank

For the Chemicals subindustry, Deepak Fertilisers & Petrochemicals'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.

Deepak Fertilisers & Petrochemicals's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Deepak Fertilisers & Petrochemicals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Deepak Fertilisers & Petrochemicals's Momentum Rank falls into.

Deepak Fertilisers & Petrochemicals Momentum Rank Related Terms

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Deepak Fertilisers & Petrochemicals (BOM:500645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Deepak Fertilisers & Petrochemicals Corp Ltd (BOM:500645) » Definitions » Momentum Rank

Traded in Other Exchanges

DEEPAKFERT:India

Address

Sai Hira, Survey Number 93, Mundhwa, Pune, MH, IND, 411036

Website

https://www.dfpcl.com

Deepak Fertilisers & Petrochemicals Corp Ltd carries on business in fertilizers, agri-services, bulk chemicals, mining chemicals, and value-added real estate. The segments of the company are Chemicals, Fertilizers, Realty, and others. The chemical products generate maximum revenue for the company which includes Ammonia, Methanol, and others. The group caters mainly to the needs of Indian markets.

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