Austin Engineering Co (BOM:522005) Momentum Rank : 10 (As of May. 25, 2024)

View and export this data going back to 1991. Start your Free Trial

What is Austin Engineering Co Momentum Rank?

Austin Engineering Co has the Momentum Rank of 10.

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 Austin Engineering Co's Momentum Rank

For the Tools & Accessories subindustry, Austin Engineering Co'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.

Austin Engineering Co's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Austin Engineering Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Austin Engineering Co's Momentum Rank falls into.

Austin Engineering Co Momentum Rank Related Terms

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

Austin Engineering Co (BOM:522005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Austin Engineering Co Ltd (BOM:522005) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Village Patla, Taluka Bhesan, District Junagadh, Via Ranpur (Sorath), Post Hadmatiya, Junagadh, GJ, IND, 362030

Website

http://www.aec.com

Austin Engineering Co Ltd is a manufacturer of the range of ball and roller bearings and its components. Its product portfolio consists of deep groove ball bearings, angular contact ball bearings, self-aligning ball bearings, thin section ball bearings, thrust ball bearings, roller bearings, super precision bearings, and plain bearings. The company's products are used in various applications including Aerospace, Mining, and Quarry, Oil and Gas, Railroad, Steel Mills, Machine Tools, Wind Energy, among others. Its segments consist of Bearing and Power. The majority of its revenue is derived from the sale of bearings.

Austin Engineering Co (BOM:522005) Headlines

No Headlines