Narmada Gelatines (BOM:526739) Momentum Rank : 6 (As of May. 15, 2024)

View and export this data going back to 1995. Start your Free Trial

What is Narmada Gelatines Momentum Rank?

Narmada Gelatines has the Momentum Rank of 6.

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 Narmada Gelatines's Momentum Rank

For the Specialty Chemicals subindustry, Narmada Gelatines'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.

Narmada Gelatines's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Narmada Gelatines's Momentum Rank falls into.

Narmada Gelatines Momentum Rank Related Terms

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

Narmada Gelatines (BOM:526739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Narmada Gelatines Ltd (BOM:526739) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Civil Lines, Caravs Building, 1st Floor, Room No 28, Jabalpur, MP, IND, 482001

Website

https://www.narmadagelatines.com

Narmada Gelatines Ltd is a gelatin manufacturing company. The company is engaged in the business of manufacturing and sale of gelatine and its by-product di-calcium phosphate (DCP) for industrial applications. Gelatine, ossein and the by-product DCP together form part of one product group, which is the operating segment of the company. The group operates in India, and also exports internationally, of which sales from India constitute majorly to the revenue. The company generates its key revenue from the sale of gelatin.

Narmada Gelatines (BOM:526739) Headlines

No Headlines