Vivid Global Industries (BOM:524576) Momentum Rank : 2 (As of May. 12, 2024)

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What is Vivid Global Industries Momentum Rank?

Vivid Global Industries has the Momentum Rank of 2.

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 Vivid Global Industries's Momentum Rank

For the Specialty Chemicals subindustry, Vivid Global 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.

Vivid Global Industries's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Vivid Global Industries's Momentum Rank distribution charts can be found below:

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

Vivid Global Industries Momentum Rank Related Terms

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Vivid Global Industries (BOM:524576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Vivid Global Industries Ltd (BOM:524576) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

C/o. Sumichem Corporation, Sir. P.M. Road, 1-D, Dhannur Building, Fort, Mumbai, MH, IND, 400 001

Website

https://www.vividglobalinds.com

Vivid Global Industries Ltd is engaged in the business of production of dye intermediates which include Tobias Acid, Sulpho Tobias Acid, and N-Methyl and J. Acid. Its only business segment includes dye intermediates and dyes. Reactive Dyes products include Reactive High Exhaust (He) Dyes, and Reactive Mild Exhaust (Me Dyes) (Bifunctional Dyes). The Direct and Acid Dyes include Direct Blacks, Blues, Greens, Reds, Violets, Oranges, Browns, and Yellow. Geographically, it derives a majority of its revenue from the Local Business.

Vivid Global Industries (BOM:524576) Headlines

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