Anik Industries (BOM:519383) Momentum Rank : 10 (As of May. 21, 2024)

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What is Anik Industries Momentum Rank?

Anik Industries has the Momentum Rank of 10.

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 Anik Industries's Momentum Rank

For the Food Distribution subindustry, Anik Industries'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.

Anik Industries's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Anik Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Anik Industries's Momentum Rank falls into.

Anik Industries Momentum Rank Related Terms

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Anik Industries (BOM:519383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Anik Industries Ltd (BOM:519383) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ANIKINDS:India

Address

2/1 South Tukoganj, Behind High Court, Indore, MP, IND, 452001

Website

http://www.anikgroup.com

Anik Industries Ltd is an Indian company which is primarily engaged in the business of trading of Agri- Commodities, Edible oil and Vanaspati, Property Development, Wind power Generation and others. Its business segments are Real Estate, Wind Power Unit, and Others. The company generates the majority of its revenue from the Real Estate segment.

Anik Industries (BOM:519383) Headlines

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