Saptarishi Agro Industries (BOM:519238) Momentum Rank : 9 (As of Dec. 11, 2024)

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What is Saptarishi Agro Industries Momentum Rank?

Saptarishi Agro Industries has the Momentum Rank of 9.

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 Saptarishi Agro Industries's Momentum Rank

For the Farm Products subindustry, Saptarishi Agro Industries'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.

Saptarishi Agro Industries's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Saptarishi Agro Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Saptarishi Agro Industries's Momentum Rank falls into.

Saptarishi Agro Industries Momentum Rank Related Terms

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Saptarishi Agro Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Saptarishi Agro Industries Ltd (BOM:519238) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Thaltej – Shilaj Road, No. 902/903, 9th Floor, Times Square Arcade, Near Ravija Plaza, Thaltej, Ahmedabad, GJ, IND, 380059

Website

https://www.saptarishiagro.com

Saptarishi Agro Industries Ltd is engaged in the manufacturing of mushrooms and other allied agro-based products. It develops a business value chain with an end-to-end solution and platform for Mushroom and Exotic Horticulture Produce, for Cultivation, Packaging, Processing and Supply Chain Management. Its product offerings comprise Button Mushroom, Shiitake Mushroom, Milky Mushroom, Oyster Mushroom, Cherry Tomato, Broccoli, Red Cabbage, Sweet Pepper, Leek, and others.

Saptarishi Agro Industries Headlines

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