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Chordia Food Products (BOM:519475) Momentum Rank : 2 (As of Jun. 17, 2024)


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What is Chordia Food Products Momentum Rank?

Chordia Food Products has the Momentum Rank of 2.

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 Chordia Food Products's Momentum Rank

For the Packaged Foods subindustry, Chordia Food Products'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.


Chordia Food Products's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Chordia Food Products's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Chordia Food Products's Momentum Rank falls into.



Chordia Food Products Momentum Rank Related Terms

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Chordia Food Products (BOM:519475) Business Description

Traded in Other Exchanges
N/A
Address
Pune Satara Road, 48A, Parvati Industrial Estate, Pune, MH, IND, 411009
Chordia Food Products Ltd is a manufacturer and exporter of pickles in western India. Its product offerings comprise Indian processed foods such as pickles, spice pastes, instant mixes, ketchup, and sauces. The company operates in two business segments: the Food Division and Food-Infra Division. The firm markets its products under the Pravin, Navin, Toofan, and Suhana-Pravin brands. The firm also exports frozen vegetables, frozen mango pulp, and frozen fruit to the USA, UK, Europe, and Gulf countries.

Chordia Food Products (BOM:519475) Headlines

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