Dutron Polymers (BOM:517437) Momentum Rank : 7 (As of May. 15, 2024)

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What is Dutron Polymers Momentum Rank?

Dutron Polymers has the Momentum Rank of 7.

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 Dutron Polymers's Momentum Rank

For the Building Products & Equipment subindustry, Dutron Polymers'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.

Dutron Polymers's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Dutron Polymers's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Dutron Polymers's Momentum Rank falls into.

Dutron Polymers Momentum Rank Related Terms

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Dutron Polymers (BOM:517437) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Dutron Polymers Ltd (BOM:517437) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dutron House, Near Mithakhali Underbridge, Navrangpura, Ahmedabad, GJ, IND, 380009

Website

https://www.dutronindia.com

Dutron Polymers Ltd is an India-based company engaged in the manufacturing of plastic pipes. The product portfolio of the group includes high-density polyethylene pipe systems, unplasticized polyvinyl chloride pipes, and fittings, suction and delivery hose, braided hose, flat hose, plastic sheets, corrugated pipes, as well as water tanks. Further, its product is used in agriculture, industrial and construction sectors. Geographically all the activities are functioned through the regions of India and it derives revenue from the sale of products.

Dutron Polymers (BOM:517437) Headlines

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