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Cheviot Co (NSE:CHEVIOT) Momentum Rank : 0 (As of May. 28, 2024)


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What is Cheviot Co Momentum Rank?

Cheviot Co 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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Cheviot Co (NSE:CHEVIOT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cheviot Co Ltd (NSE:CHEVIOT) » Definitions » Momentum Rank
Comparable Companies
BOM:503169 BOM:532503 BOM:543918 BOM:532782 NSE:RSWM BOM:531978 BOM:519136 BOM:542285 BOM:539221 BOM:500280 HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN
Traded in Other Exchanges
526817:India
Address
24, Park Street, Celica House, 9th Floor, Celica Park, Kolkata, WB, IND, 700016
Website
https://www.groupcheviot.net
Cheviot Co Ltd is engaged in the manufacturing and sale of jute goods. The company's geographical segments are Within India and Outside India. The company manufactures jute products and jute fabrics to cater to both domestic and international markets. The company manufactures technical jute fabrics and customized jute shopping bags for the export market.

Cheviot Co (NSE:CHEVIOT) Headlines

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