Contil India (BOM:531067) Momentum Rank : 3 (As of May. 21, 2024)

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

What is Contil India Momentum Rank?

Contil India has the Momentum Rank of 3.

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 Contil India's Momentum Rank

For the Food Distribution subindustry, Contil 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.

Contil India's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Contil India's Momentum Rank distribution charts can be found below:

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

Contil India Momentum Rank Related Terms

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

Contil India (BOM:531067) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Contil India Ltd (BOM:531067) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

R.C. Dutt Road, No. 811, Siddharth Complex, Alkapuri, Baroda, GJ, IND, 390007

Website

http://www.contilgroup.com

Contil India Ltd is an Indian company engaged in the trading of grocery items. It has a business presence in India and also exports to other countries, of which a majority of revenue is derived from export sales. The product portfolio of the company includes Spices, Flour, Cereal and Pulses, Ayurvedic items, Beauty and cosmetics, and Articles and Utensils, among others.

Contil India (BOM:531067) Headlines

No Headlines