Deccan Cements (BOM:502137) Momentum Rank : 8 (As of May. 21, 2024)

View and export this data going back to 1991. Start your Free Trial

What is Deccan Cements Momentum Rank?

Deccan Cements 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 Deccan Cements's Momentum Rank

For the Building Materials subindustry, Deccan Cements'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.

Deccan Cements's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Deccan Cements's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Deccan Cements's Momentum Rank falls into.

Deccan Cements Momentum Rank Related Terms

Thank you for viewing the detailed overview of Deccan Cements's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Deccan Cements (BOM:502137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Deccan Cements Ltd (BOM:502137) » Definitions » Momentum Rank

Traded in Other Exchanges

DECCANCE:India

Address

Deccan Chambers, 6-3-666/B, 6th Floor, Somajiguda, Hyderabad, TG, IND, 500082

Website

https://www.deccancements.com

Deccan Cements Ltd is engaged in the manufacturing and marketing of cement in India. It produces cement in form of Clinker, Portland cement, Slag cement and similar. In addition, it is also engaged in the generation of electricity. Its power division includes Thermal, Hydel, and Wind. The firm sells its product under Deccan Cements brand.

Deccan Cements (BOM:502137) Headlines

No Headlines