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Multibase India (BOM:526169) Momentum Rank : 10 (As of May. 15, 2024)


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What is Multibase India Momentum Rank?

Multibase India 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 Multibase India's Momentum Rank

For the Specialty Chemicals subindustry, Multibase 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.


Multibase India's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Multibase India's Momentum Rank falls into.



Multibase India Momentum Rank Related Terms

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Multibase India (BOM:526169) Business Description

Traded in Other Exchanges
N/A
Address
Bandra Kurla Complex Road, 81,82,83, 8th Floor, 2 North Avenue Maker Maxity, Bandra East, Mumbai, MH, IND, 400051
Multibase India Ltd is engaged in manufacturing trading and selling of Polypropylene Compound, Thermoplastic Elastomer, Silicon Master Batch and Thermoplastic Master Batch. Its products include TPSiV Multiflex, Thermoplastic Elastomer, Siloxane Masterbatch and Multipro. The company increased its presence in the Automotive and Silicon-based thermoplastics segment. It generates maximum revenue from India.

Multibase India (BOM:526169) Headlines

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