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Kothari Petrochemicals (NSE:KOTHARIPET) Momentum Rank : 9 (As of Jun. 15, 2024)


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What is Kothari Petrochemicals Momentum Rank?

Kothari Petrochemicals has the Momentum Rank of 9.

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 Kothari Petrochemicals's Momentum Rank

For the Specialty Chemicals subindustry, Kothari Petrochemicals'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.


Kothari Petrochemicals's Momentum Rank Distribution in the Chemicals Industry

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

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



Kothari Petrochemicals Momentum Rank Related Terms

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Kothari Petrochemicals (NSE:KOTHARIPET) Business Description

Traded in Other Exchanges
N/A
Address
No. 115, Mahatma Gandhi Salai, Kothari Buildings, Nungambakkam High Road, Chennai, TN, IND, 600034
Kothari Petrochemicals Ltd is an India-based company engaged in the manufacturing of PolyIso Butylene and the sale of petrochemical products. The company products include KVIS 10, KVIS 20, KVIS 30, KVIS 100, KVIS 150, KVIS 200, and PIB R-01.

Kothari Petrochemicals (NSE:KOTHARIPET) Headlines

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