Seshasayee Paper & Boards (BOM:502450) Momentum Rank : 5 (As of Jun. 20, 2024)

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What is Seshasayee Paper & Boards Momentum Rank?

Seshasayee Paper & Boards has the Momentum Rank of 5.

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 Seshasayee Paper & Boards's Momentum Rank

For the Paper & Paper Products subindustry, Seshasayee Paper & Boards'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.

Seshasayee Paper & Boards's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Seshasayee Paper & Boards's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Seshasayee Paper & Boards's Momentum Rank falls into.

Seshasayee Paper & Boards Momentum Rank Related Terms

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Seshasayee Paper & Boards (BOM:502450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Seshasayee Paper & Boards Ltd (BOM:502450) » Definitions » Momentum Rank

Traded in Other Exchanges

SESHAPAPER:India

Address

Pallipalayam, Cauvery RS PO, Namakkal District, Erode, TN, IND, 638007

Website

https://www.spbltd.com

Seshasayee Paper & Boards Ltd is engaged in manufacturing of printing and writing papers, packing and wrapping papers, and specialty papers. The company produces writing, printing, kraft, and poster papers; newsprint, coated/uncoated wood free, and tissue papers; and papers and boards for packaging applications. In addition, the company holds interests in properties. Geographically all the operations are functioned through the regions of Tamil Nadu, India. Seshasayee derives revenue from the sale of the papers.

Seshasayee Paper & Boards (BOM:502450) Headlines

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