Time Technoplast (NSE:TIMETECHNO) Momentum Rank : 3 (As of Jun. 07, 2024)

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What is Time Technoplast Momentum Rank?

Time Technoplast 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 Time Technoplast's Momentum Rank

For the Packaging & Containers subindustry, Time Technoplast'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.

Time Technoplast's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Time Technoplast's Momentum Rank distribution charts can be found below:

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

Time Technoplast Momentum Rank Related Terms

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Time Technoplast (NSE:TIMETECHNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Time Technoplast Ltd (NSE:TIMETECHNO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

532856:India

Address

55, Corporate Avenue, Saki Vihar Road, 2nd Floor, Andheri (East), Mumbai, MH, IND, 400072

Website

https://www.timetechnoplast.com

Time Technoplast Ltd is a packaging solutions provider. It offers industrial packaging products, infrastructure products, technical products, material handling products, and composite cylinders. Its services are divided into two groups; Polymer and Composite products. The Polymer segment is the company's core segment and generates maximum revenues. The Composite products segment provides products such as pressure pipes, prefabricated shelters, and energy storage devices. Apart from India. It has operational footprints in UAE, Bahrain, Egypt, Thailand, Vietnam, Malaysia, Indonesia, the United States, and Taiwan.

Time Technoplast (NSE:TIMETECHNO) Headlines

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