Nath Industries (BOM:502587) Momentum Rank : 7 (As of Jun. 10, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Nath Industries Momentum Rank?

Nath Industries has the Momentum Rank of 7.

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 Nath Industries's Momentum Rank

For the Paper & Paper Products subindustry, Nath 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.

Nath Industries's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Nath Industries's Momentum Rank distribution charts can be found below:

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

Nath Industries Momentum Rank Related Terms

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

Nath Industries (BOM:502587) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Nath Industries Ltd (BOM:502587) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

86, Veer Nariman Road, 1, Chateau Windsor, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.nathindustries.com

Nath Industries Ltd is engaged in the manufacturing of Papers and its related products. It produces various specialty and industrial grades of papers used for various decorative, Multipart stationery, Gift wrapping, and Packing. The company's product mix includes various grades of paper such as Absorbent Kraft, Writing and Printing Paper, Carbon Base, Poster, Napkin grade tissue, Gift Wrapping Tissue, Color Tissues, Masking Paper, and Protection paper. Its segments include Paper and Industrial Chemicals. It generates maximum revenue from the Paper segment.

Nath Industries (BOM:502587) Headlines

No Headlines