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Control Print (BOM:522295) Momentum Rank : 2 (As of Jun. 17, 2024)


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What is Control Print Momentum Rank?

Control Print 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.

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Competitive Comparison of Control Print's Momentum Rank

For the Business Equipment & Supplies subindustry, Control Print'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.


Control Print's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Control Print's Momentum Rank falls into.



Control Print Momentum Rank Related Terms

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Control Print (BOM:522295) Business Description

Traded in Other Exchanges
Address
Andheri-Kurla Road, C-106, Hind Saurashtra Industrial Estate, Marol Naka, Andheri (East), Mumbai, MH, IND, 400059
Control Print Ltd is a coding and marketing solutions provider. The core business area is branding and product information, barcoding, manufacturing, batch and date codes, and traceability. Its products include a Continuous inject printer, a High-resolution printer, a Thermal transfer over the printer, a Large character printer, and a Laser printer among others. The company offers services to the industries of food, beverage, healthcare, FMCG, and Others.

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