Seasons Textiles (BOM:514264) Momentum Rank : 8 (As of May. 26, 2024)

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What is Seasons Textiles Momentum Rank?

Seasons Textiles has the Momentum Rank of 8.

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 Seasons Textiles's Momentum Rank

For the Textile Manufacturing subindustry, Seasons Textiles'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.

Seasons Textiles's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Seasons Textiles's Momentum Rank falls into.

Seasons Textiles Momentum Rank Related Terms

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Seasons Textiles (BOM:514264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Seasons Textiles Ltd (BOM:514264) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Seasons House, B-18, Sector-5, Noida, UP, IND, 201301

Website

https://www.seasonsworld.com

Seasons Textiles Ltd is a textile manufacturing company. It is engaged in the manufacturing of furnishing fabric, export, and trading in furnishing fabric and made-ups. Its product line consists of amantra, aster, carol, woodland, palace, oxford, and others. The company operates in one business segment namely Textile. The sale of finished goods generates maximum revenue for the company. Geographically, the company operates only in the Indian market.

Seasons Textiles (BOM:514264) Headlines

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