Jasch Industries (BOM:500220) Momentum Rank : 10 (As of Jan. 19, 2025)

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What is Jasch Industries Momentum Rank?

Jasch Industries 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 Jasch Industries's Momentum Rank

For the Textile Manufacturing subindustry, Jasch Industries'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.

Jasch Industries's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Jasch Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jasch Industries's Momentum Rank falls into.

Jasch Industries Momentum Rank Related Terms

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Jasch Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Jasch Industries Ltd (BOM:500220) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

No. 502, Block C, NDM-2, Netaji Subhash Place, Pitampura, New Delhi, IND, 110034

Website

https://www.jaschindustries.com

Jasch Industries Ltd manufactures and sells polyurethane (PU) or polyvinyl chloride (PVC) coated fabrics and allied products in India. The company operates through two segments: PU Coated Fabrics & Allied Products and PVC Coated Fabrics & Allied Products. The company generates maximum revenue from the PVC Coated Fabrics & Allied Products segment. Its PU/PVC coated fabric is used in the footwear industry as raw material for shoe-upper, lining, insole, and sandal straps; garments as lining material; automobiles as seat covers; furniture upholstery material, and others.

Jasch Industries Headlines

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