Surat Trade & Mercantile (BOM:530185) Momentum Rank : 7 (As of May. 22, 2024)

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What is Surat Trade & Mercantile Momentum Rank?

Surat Trade & Mercantile has the Momentum Rank of 7.

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 Surat Trade & Mercantile's Momentum Rank

For the Capital Markets subindustry, Surat Trade & Mercantile'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.

Surat Trade & Mercantile's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Surat Trade & Mercantile's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Surat Trade & Mercantile's Momentum Rank falls into.

Surat Trade & Mercantile Momentum Rank Related Terms

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Surat Trade & Mercantile (BOM:530185) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Surat Trade & Mercantile Ltd (BOM:530185) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Puna-Kumbharia Road, Tulsi Krupa Arcade, 6th Floor, Near Aai Mata Chowk, Dumbhal, Surat, GJ, IND, 395010

Website

http://www.surattextilemillsltd.com

Surat Textile Mills Ltd is engaged in the manufacturing and selling of Polyester filament yarn, polyester chips, and spun yarn. It produces ring-spun yarn for the domestic market in various ranges, such as 100% polyester, 100% viscose, 100% modal, polyester viscose blend, and polyester modal blend. The Company's business segment consists of a single segment of Commodity Trading. The company derives a majority of its revenue from the Commodity trading segment. Geographically, it derives the majority of its revenue from India..

Surat Trade & Mercantile (BOM:530185) Headlines

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