Chowgule Steamships (BOM:501833) Momentum Rank : 1 (As of Dec. 14, 2024)

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What is Chowgule Steamships Momentum Rank?

Chowgule Steamships has the Momentum Rank of 1.

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 Chowgule Steamships's Momentum Rank

For the Marine Shipping subindustry, Chowgule Steamships'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.

Chowgule Steamships's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Chowgule Steamships's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chowgule Steamships's Momentum Rank falls into.

Chowgule Steamships Momentum Rank Related Terms

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Chowgule Steamships Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chowgule Steamships Ltd (BOM:501833) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

9 Mansi, 401 Ram Maruti Road, 1st Cross Lane, Near Tilak Garden, Thane West, Thane, Mumbai, MH, IND, 400 602

Website

https://www.chowgulesteamships.co.in

Chowgule Steamships Ltd is an Indian-based shipping company. The company owns and operates a fleet of vessels for seaborne transportation of bulk cargoes. It has a single operating segment which is Shipping. Geographically, it derives the majority of its revenue from Outside India. The company generates revenue from Charter hire earnings, demurrage, and freight earnings.

Chowgule Steamships Headlines

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