Coromandel International (BOM:506395) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is Coromandel International Momentum Rank?

Coromandel International has the Momentum Rank of 8.

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 Coromandel International's Momentum Rank

For the Agricultural Inputs subindustry, Coromandel International'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.

Coromandel International's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Coromandel International's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Coromandel International's Momentum Rank falls into.

Coromandel International Momentum Rank Related Terms

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Coromandel International (BOM:506395) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Coromandel International Ltd (BOM:506395) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

COROMANDEL:India

Address

1-2-10, Sardar Patel Road, Coromandel House, Secunderabad, TG, IND, 500003

Website

https://www.coromandel.biz

Coromandel International Ltd manufactures and sells fertilizers and crop protection chemicals to the agriculture industry. The firm's revenue is generated in India, but the company also derives revenue in Latin America and Africa. The company's main product lines consist of organic manure, specialty nutrients that include water soluble fertilizers, and single super phosphate fertilizers. Coromandel's primary brands include Gromor Suraksha and Godavari fertilizers. The firm also owns and operates retail outlets known as Mana Grormor Centers.

Coromandel International (BOM:506395) Headlines

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