Patspin India (BOM:514326) Momentum Rank : 6 (As of Jun. 23, 2024)

View and export this data going back to 1994. Start your Free Trial

What is Patspin India Momentum Rank?

Patspin India 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 Patspin India's Momentum Rank

For the Textile Manufacturing subindustry, Patspin India'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.

Patspin India's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Patspin India's Momentum Rank falls into.

Patspin India Momentum Rank Related Terms

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

Patspin India (BOM:514326) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Patspin India Ltd (BOM:514326) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

43/46, 4th Floor, Mittal Chambers, 228, Nariman Point, Mumbai, MH, IND, 400 021

Website

http://www.patspin.com

Patspin India Ltd is an India based company engaged in the business of manufacturing and export of combed cotton yarns. Its only segment being the Textile industry. The yarn is manufactured from long and extra-long staple cotton like American Supima, Egyptian Giza, Shankar-6, and DCH-32. The company manufactures yarns of various counts ranging from NE 20s to NE 100s.

Patspin India (BOM:514326) Headlines

No Headlines