Keltech Energies (BOM:506528) Momentum Rank : 5 (As of Apr. 25, 2025)

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

What is Keltech Energies Momentum Rank?

Keltech Energies has the Momentum Rank of 5.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Keltech Energies's Momentum Rank

For the Specialty Chemicals subindustry, Keltech Energies'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.

Keltech Energies's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Keltech Energies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Keltech Energies's Momentum Rank falls into.

Save Embed

;

Save Embed

;

Keltech Energies Momentum Rank Related Terms

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

Keltech Energies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Keltech Energies Ltd (BOM:506528) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, Infantry Road, 7th Floor, Embassy Icon, Bengaluru, KA, IND, 560001

Website

https://www.keltechenergies.com

Keltech Energies Ltd is engaged in the manufacture of industrial explosives and the sale of perlite & perlite-based products. The company is also a technology provider in the area of low-temperature cryogenic insulation of LNG, Ethylene, Propylene, Butane, Propane, Ethane, LOX, LIN, LAR, Ammonia, Cold boxes, and other cryogenic equipment. It has two reportable segments; the Explosives segment which manufactures cartridge explosives, and bulk emulsion explosives; and the Perlite segment which manufactures cryogenic insulation, industrial filter-aid, horticulture products, etc. The majority of the company's revenue is generated from the Explosives segment. Geographically, it derives all of its revenue within India.

Keltech Energies Headlines

No Headlines