Rajesh Exports (NSE:RAJESHEXPO) Momentum Rank : 3 (As of May. 26, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Rajesh Exports Momentum Rank?

Rajesh Exports has the Momentum Rank of 3.

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 Rajesh Exports's Momentum Rank

For the Luxury Goods subindustry, Rajesh Exports'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.

Rajesh Exports's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Rajesh Exports's Momentum Rank distribution charts can be found below:

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

Rajesh Exports Momentum Rank Related Terms

Thank you for viewing the detailed overview of Rajesh Exports's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Rajesh Exports (NSE:RAJESHEXPO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Rajesh Exports Ltd (NSE:RAJESHEXPO) » Definitions » Momentum Rank

Traded in Other Exchanges

531500:India

Address

Number 1, Brunton Road (Off M.G. Road), Opposite Old Passport Office, Bengaluru, KA, IND, 560 001

Website

http://www.rajeshindia.com

Rajesh Exports Ltd is a gold refiner and Manufacturer of all kind of Gold products. The Company export its products to various countries around the world and it also sell its products in whole sale and retail in India and also through its own retail showrooms under the brand name of SHUBH Jewellers. Rajesh Exports Ltd has setup various manufacturing facilities in India and other countries.

Rajesh Exports (NSE:RAJESHEXPO) Headlines

No Headlines