Hindoostan Mills (BOM:509895) Momentum Rank : 7 (As of Jun. 06, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Hindoostan Mills Momentum Rank?

Hindoostan Mills has the Momentum Rank of 7.

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 Hindoostan Mills's Momentum Rank

For the Textile Manufacturing subindustry, Hindoostan Mills'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.

Hindoostan Mills's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Hindoostan Mills's Momentum Rank falls into.

Hindoostan Mills Momentum Rank Related Terms

Thank you for viewing the detailed overview of Hindoostan Mills's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hindoostan Mills (BOM:509895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hindoostan Mills Ltd (BOM:509895) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Dr. Annie Besant Road, Shivsagar Estate, D Block, 8th Floor, Worli, Mumbai, MH, IND, 400018

Website

https://www.hindoostan.com

Hindoostan Mills Ltd is engaged in the business of Manufacture and Sale of Fabric and Yarn and Refiling of Elastic Calendar Bowls. The business segments of the company are Textile and Engineering, of which the majority of the revenue is derived from the textile segment. It operates in India and internationally of which key revenue is generated in India.

Hindoostan Mills (BOM:509895) Headlines

No Headlines