Suryalata Spinning Mills (BOM:514138) Momentum Rank : 6 (As of Jun. 24, 2024)

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

What is Suryalata Spinning Mills Momentum Rank?

Suryalata Spinning Mills has the Momentum Rank of 6.

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 Suryalata Spinning Mills's Momentum Rank

For the Textile Manufacturing subindustry, Suryalata Spinning Mills'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.

Suryalata Spinning Mills's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Suryalata Spinning Mills's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Suryalata Spinning Mills's Momentum Rank falls into.

Suryalata Spinning Mills Momentum Rank Related Terms

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

Suryalata Spinning Mills (BOM:514138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Suryalata Spinning Mills Ltd (BOM:514138) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

105, Sardar Patel Road, Surya Towers, 1st Floor, Secunderabad, TG, IND, 500003

Website

https://www.suryalata.com

Suryalata Spinning Mills Ltd operates in the Textile division. It is engaged in producing different Synthetic Yarns like 100% Polyester (PSF) Yarns, 100% Viscose (VSF) Yarns, PSF & VSF Blended Yarns and Value Added Yarns suitable for suiting, shirting, and knitting. Further, the company is also involved in the manufacturing of specialized yarns like Slub Yarns, Fancy Yarns, and Micro Yarns.

Suryalata Spinning Mills (BOM:514138) Headlines

No Headlines