Shree Rama Newsprint (NSE:RAMANEWS) Momentum Rank : 10 (As of May. 25, 2024)

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What is Shree Rama Newsprint Momentum Rank?

Shree Rama Newsprint has the Momentum Rank of 10.

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 Shree Rama Newsprint's Momentum Rank

For the Paper & Paper Products subindustry, Shree Rama Newsprint'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.

Shree Rama Newsprint's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shree Rama Newsprint's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shree Rama Newsprint's Momentum Rank falls into.

Shree Rama Newsprint Momentum Rank Related Terms

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Shree Rama Newsprint (NSE:RAMANEWS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shree Rama Newsprint Ltd (NSE:RAMANEWS) » Definitions » Momentum Rank

Traded in Other Exchanges

500356:India

Address

Ambli - Bopal Road, 10, Abhishree Corporate Park, Ambli, Near Swagat Bunglows BRTS Bus Stand, Ahmedabad, GJ, IND, 380 058

Website

https://ramanewsprint.com

Shree Rama Newsprint Ltd is engaged in manufacturing and dealing in Newsprint, Writing, and Printing Paper. Its operating segment includes Paper and Packaged Water Bottle. The company generates maximum revenue from Paper segment.

Shree Rama Newsprint (NSE:RAMANEWS) Headlines

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