SKM Egg Products Export (India) (NSE:SKMEGGPROD) Momentum Rank : 6 (As of May. 22, 2024)

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What is SKM Egg Products Export (India) Momentum Rank?

SKM Egg Products Export (India) has the Momentum Rank of 6.

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 SKM Egg Products Export (India)'s Momentum Rank

For the Packaged Foods subindustry, SKM Egg Products Export (India)'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.

SKM Egg Products Export (India)'s Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, SKM Egg Products Export (India)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where SKM Egg Products Export (India)'s Momentum Rank falls into.

SKM Egg Products Export (India) Momentum Rank Related Terms

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SKM Egg Products Export (India) (NSE:SKMEGGPROD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SKM Egg Products Export (India) Ltd (NSE:SKMEGGPROD) » Definitions » Momentum Rank

Traded in Other Exchanges

532143:India

Address

133, 133/1, Gandhiji Road, Erode, TN, IND, 638001

Website

https://www.skmegg.com

SKM Egg Products Export (India) Ltd is the manufacturer and supplier of egg products. The company offer products such as Egg powder, Bakery mix, and Liquid egg. Its Egg powder product is used in bakery, pasta, noodles, meat, fish products, and mayonnaise. The Bakery mix products are used in cheesecake, biscuits, cakes, sponge cake, and swiss rolls. The Liquid eggs product provides egg albumen liquid, egg yolk liquid and whole egg liquid which are used in the preparation of noodles, fine food, ice cream, cosmetics, and confectionary items. It has five geographic segments: India, Japan, Russia, Europe and Rest of the world.

SKM Egg Products Export (India) (NSE:SKMEGGPROD) Headlines

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