Zuari Agro Chemicals (BOM:534742) Momentum Rank : 10 (As of May. 28, 2024)

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What is Zuari Agro Chemicals Momentum Rank?

Zuari Agro Chemicals has the Momentum Rank of 10.

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 Zuari Agro Chemicals's Momentum Rank

For the Agricultural Inputs subindustry, Zuari Agro Chemicals'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.

Zuari Agro Chemicals's Momentum Rank Distribution in the Agriculture Industry

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

* The bar in red indicates where Zuari Agro Chemicals's Momentum Rank falls into.

Zuari Agro Chemicals Momentum Rank Related Terms

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Zuari Agro Chemicals (BOM:534742) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Zuari Agro Chemicals Ltd (BOM:534742) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ZUARI:India

Address

Off Cubbon Road, No. 28, Union Street, Adventz Centre, 3rd Floor, Bangalore, KA, IND, 560 001

Website

https://www.zuari.in

Zuari Agro Chemicals Ltd is a manufacturer of organic and inorganic fertilizers. Its products are marketed under the Jai Kisaan brand. The company produces complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers. In addition, it also acts as an importer of fertilizers and farm nutrients. The group operates through one geographical segment which is India.

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