Haldyn Glass (BOM:515147) Momentum Rank : 9 (As of Jun. 06, 2024)

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

What is Haldyn Glass Momentum Rank?

Haldyn Glass has the Momentum Rank of 9.

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 Haldyn Glass's Momentum Rank

For the Packaging & Containers subindustry, Haldyn Glass'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.

Haldyn Glass's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Haldyn Glass's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Haldyn Glass's Momentum Rank falls into.

Haldyn Glass Momentum Rank Related Terms

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

Haldyn Glass (BOM:515147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Haldyn Glass Ltd (BOM:515147) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Western Express Highway, B-1201, Lotus Corporate Park, Goregaon (East), Mumbai, MH, IND, 400063

Website

http://www.haldynglass.com

Haldyn Glass Ltd is engaged in the business of manufacturing glass containers and bottles. It manufactures Vials which are used in the pharmaceutical industry, and Clear bottles which are used in the liquor manufacturing industry, cosmetics industry, and the food and beverages industry. The company has one business segment namely, Glass bottles / containers. The company generates the majority of its revenue within India.

Haldyn Glass (BOM:515147) Headlines

No Headlines