Ultramarine & Pigments (BOM:506685) Momentum Rank : 10 (As of Mar. 04, 2025)

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What is Ultramarine & Pigments Momentum Rank?

Ultramarine & Pigments has the Momentum Rank of 10.

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 Ultramarine & Pigments's Momentum Rank

For the Specialty Chemicals subindustry, Ultramarine & Pigments'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.

Ultramarine & Pigments's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Ultramarine & Pigments's Momentum Rank falls into.

Ultramarine & Pigments Momentum Rank Related Terms

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Ultramarine & Pigments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ultramarine & Pigments Ltd (BOM:506685) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Thirumalai House, Road No. 29, Plot No. 101 -102, Near Sion Hill Fort, Sion (East), Mumbai, MH, IND, 400 022

Website

https://www.ultramarinepigments.net

Ultramarine & Pigments Ltd is an Indian company engaged in offering surfactants, pigments, and information technology-enabled services (ITES). The company operates through three segments namely; Chemicals and Allied Products, IT-enabled Services, and Wind Turbine Generator. The organization generates power from a wind turbine. The company generates maximum revenue from Chemicals and Allied Products.

Ultramarine & Pigments Headlines

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