ISMT (NSE:ISMTLTD) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is ISMT Momentum Rank?

ISMT has the Momentum Rank of 8.

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 ISMT's Momentum Rank

For the Steel subindustry, ISMT'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.

ISMT's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ISMT's Momentum Rank distribution charts can be found below:

* The bar in red indicates where ISMT's Momentum Rank falls into.

ISMT Momentum Rank Related Terms

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ISMT (NSE:ISMTLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ISMT Ltd (NSE:ISMTLTD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

532479:India

Address

Panama House, Viman Nagar, Pune, MH, IND, 411014

Website

https://www.ismt.co.in

ISMT Ltd is engaged in the manufacturing of steel and seamless hallows and tubes and tubular products for the bearing, automotive, mining, general engineering, energy, and high-value Oil country tubular goods (OCTG) sectors. The firm's segments include the Tube segment and the Steel segment. It produces both hot-finished, as well as cold-finished seamless tubes. It produces carbon, alloy, and martensitic stainless steel bars with an emphasis on ultra-clean steels, free machining steels, bearing steels, and other specially engineered steel grades. Its tubes are used in a range of applications, such as the manufacture of auto-components, bearing races, OCTG products, and drill rods. Geographically, it generates the majority of its revenue from India.

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