Dhampur Sugar Mills (NSE:DHAMPURSUG) Momentum Rank : 4 (As of May. 24, 2024)

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What is Dhampur Sugar Mills Momentum Rank?

Dhampur Sugar Mills has the Momentum Rank of 4.

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 Dhampur Sugar Mills's Momentum Rank

For the Confectioners subindustry, Dhampur Sugar Mills'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.

Dhampur Sugar Mills's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Dhampur Sugar Mills's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dhampur Sugar Mills's Momentum Rank falls into.

Dhampur Sugar Mills Momentum Rank Related Terms

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Dhampur Sugar Mills (NSE:DHAMPURSUG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Dhampur Sugar Mills Ltd (NSE:DHAMPURSUG) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

500119:India

Address

Okhla Industrial Estate, Phase-III, 6th Floor, Max House, New Delhi, IND, 110020

Website

https://www.dhampur.com

Dhampur Sugar Mills Ltd is a sugarcane processing company in India. The company's operating segment includes Sugar, Power, Ethanol, Chemical, and Potable spirit, and others. The Sugar segment consists of the manufacture and sale of Sugar and its byproducts. The Ethanol segment consists of the manufacture and sale of RS, Ethanol, ENA, and Industrial alcohol. Its Power segment consists of co-generation and sale of power. The potable Spirits segment consists of the manufacture and sale of Country liquor. The chemicals segment consists of the manufacture and sale of Ethyl Acetate. Others consist of the sale of petrol and agricultural products. Geographically, it derives a majority of its revenue from India. The company generates the majority of its revenue from the Sugar segment.

Dhampur Sugar Mills (NSE:DHAMPURSUG) Headlines

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