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Jainex Aamcol (BOM:505212) Momentum Rank : 5 (As of Jun. 23, 2024)


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What is Jainex Aamcol Momentum Rank?

Jainex Aamcol 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 Jainex Aamcol's Momentum Rank

For the Tools & Accessories subindustry, Jainex Aamcol'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.


Jainex Aamcol's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jainex Aamcol's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jainex Aamcol's Momentum Rank falls into.



Jainex Aamcol Momentum Rank Related Terms

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Jainex Aamcol (BOM:505212) Business Description

Traded in Other Exchanges
N/A
Address
405/406, Sharda Chambers, New Marine Lines, Mumbai, MH, IND, 400 020
Jainex Aamcol Ltd is a manufacturer of gear hobs, special cutting tools, inspection tools, and precision accessories. The operating segments of the company are Gear Cutting that is gear hobs, which constitute the key revenue driver; Milling Cutters; and Spline Gauges. It sells its products under the Aamcol brand. The company caters to a wide range of customers such as automobile industries, industrial and special gearbox manufacturers, machine tool manufacturers, and many others.

Jainex Aamcol (BOM:505212) Headlines

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