Sundaram Brake Linings (BOM:590072) Momentum Rank : 6 (As of May. 29, 2024)

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What is Sundaram Brake Linings Momentum Rank?

Sundaram Brake Linings has the Momentum Rank of 6.

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 Sundaram Brake Linings's Momentum Rank

For the Auto Parts subindustry, Sundaram Brake Linings'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.

Sundaram Brake Linings's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Sundaram Brake Linings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sundaram Brake Linings's Momentum Rank falls into.

Sundaram Brake Linings Momentum Rank Related Terms

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Sundaram Brake Linings (BOM:590072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Sundaram Brake Linings Ltd (BOM:590072) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SUNDRMBRAK:India

Address

Padi, Chennai, TN, IND, 600 050

Website

https://www.tvsbrakelinings.com

Sundaram Brake Linings Ltd is involved in the manufacture of automotive, non-automotive, railways, and industrial friction materials. Their products are used as raw materials for commercial vehicles, passenger cars, tractors (agricultural), railways, and the two-wheeler industry. Geographically, it derives a majority of revenue from India. The company offers products, including Brake Linings, Clutch Facings, Disc Brake pads, and others. Its only operating segment being friction materials.

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