Welspun Specialty Solutions (BOM:500365) Momentum Rank : 8 (As of Dec. 13, 2024)

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What is Welspun Specialty Solutions Momentum Rank?

Welspun Specialty Solutions has the Momentum Rank of 8.

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 Welspun Specialty Solutions's Momentum Rank

For the Steel subindustry, Welspun Specialty Solutions'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.

Welspun Specialty Solutions's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Welspun Specialty Solutions's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Welspun Specialty Solutions's Momentum Rank falls into.

Welspun Specialty Solutions Momentum Rank Related Terms

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Welspun Specialty Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Welspun Specialty Solutions Ltd (BOM:500365) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Kamala Mills Compound, 5th Floor, Welspun House, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.welspunspecialty.com

Welspun Specialty Solutions Ltd is involved in the production of alloy and stainless steel products. The company operates in a single reportable segment, which encompasses the manufacturing and sale of steel and steel products. Geographically the company generates the majority of its revenue from operations within India.

Welspun Specialty Solutions Headlines

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