Morganite Crucible (India) (BOM:523160) Momentum Rank : 5 (As of May. 24, 2024)

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What is Morganite Crucible (India) Momentum Rank?

Morganite Crucible (India) has the Momentum Rank of 5.

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 Morganite Crucible (India)'s Momentum Rank

For the Specialty Industrial Machinery subindustry, Morganite Crucible (India)'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.

Morganite Crucible (India)'s Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morganite Crucible (India)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Morganite Crucible (India)'s Momentum Rank falls into.

Morganite Crucible (India) Momentum Rank Related Terms

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Morganite Crucible (India) (BOM:523160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morganite Crucible (India) Ltd (BOM:523160) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-11, MIDC Industrial Area, Waluj, Aurangabad, MH, IND, 431136

Website

https://www.morganmms.com

Morganite Crucible (India) Ltd is engaged in the business of manufacturing and selling high-functioning Crucibles, Foundry consumables, and Allied refractory products. Its product portfolio encompasses a range of crucibles and foundry products which are offered in distinct shapes and sizes. Some of its products are Syncarb Z2e2, Suprex, Nozzle, Blue Lightning Thermocouple Sheaths, Tubes and plunger mix, Salamander and others. The company does its sales via geographical segments that include India, Asia and the Far East, Europe, Africa, the Middle East, North America, and Others. The majority of its revenue is derived from India.

Morganite Crucible (India) (BOM:523160) Headlines

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