Kothari Products (BOM:530299) Momentum Rank : 5 (As of Jun. 05, 2024)

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What is Kothari Products Momentum Rank?

Kothari Products 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 Kothari Products's Momentum Rank

For the Conglomerates subindustry, Kothari Products'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.

Kothari Products's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kothari Products's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kothari Products's Momentum Rank falls into.

Kothari Products Momentum Rank Related Terms

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Kothari Products (BOM:530299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Kothari Products Ltd (BOM:530299) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KOTHARIPRO:India

Address

24/19, The Mall, Pan Parag House, Kanpur, UP, IND, 208001

Website

https://www.kothariproducts.in

Kothari Products Ltd is an Indian company that engages in international trade, real estate ventures, and investment in securities. It operates through the trading items and real estate segments. The trading items segment which accounts for the majority revenue of the firm engages in the import and export trade of agro-based commodities, minerals, metals, petroleum products, coal, tiles, notebooks, copier paper, steel, scrap, and polyvinyl chloride plastics. The real estate segment invests in residential and commercial properties.

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