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Tejassvi Aaharam (BOM:531628) Momentum Rank : 0 (As of May. 30, 2024)


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What is Tejassvi Aaharam Momentum Rank?

Tejassvi Aaharam has the Momentum Rank of 0.

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.

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Tejassvi Aaharam (BOM:531628) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tejassvi Aaharam Ltd (BOM:531628) » Definitions » Momentum Rank
Comparable Companies
BOM:519262 BOM:531406 BOM:543924 BOM:519031 BOM:530119 BOM:540681 BOM:519612 BOM:530735 BOM:512624 BOM:526081 XSWX:NESN KHC GIS XPAR:BN SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
N/A
Address
Nungambakkam High Road, Tirumurthy Nagar, No. 99/6, Sneha Sadan Apartment, Nungambakkam, Chennai, TN, IND, 600034
Website
https://www.talchennai.in
Tejassvi Aaharam Ltd is an India-based company engaged in the business of trading wheat and pasta products. Its products include Vermicelli, Noodles, Pasta and Milletz. The company's primary operating segment is manufacturing wheat products & pasta products.

Tejassvi Aaharam (BOM:531628) Headlines

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