Shri Gang Industries and Allied Products (BOM:523309) Momentum Rank : 3 (As of Apr. 25, 2025)

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What is Shri Gang Industries and Allied Products Momentum Rank?

Shri Gang Industries and Allied Products has the Momentum Rank of 3.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Shri Gang Industries and Allied Products's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, Shri Gang Industries and Allied 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.

Shri Gang Industries and Allied Products's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Shri Gang Industries and Allied Products's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shri Gang Industries and Allied Products's Momentum Rank falls into.

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Shri Gang Industries and Allied Products Momentum Rank Related Terms

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Shri Gang Industries and Allied Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Shri Gang Industries and Allied Products Ltd (BOM:523309) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

F-32/3, Okhla Industrial Area, Ground Floor, Phase- II, New Delhi, IND, 110020

Website

https://www.shrigangindustries.com

Shri Gang Industries and Allied Products Ltd are engaged in edible oils and liquor operations manufacturing and sale of vanaspati, refined oils, and bakery shortening. It markets and sells its products under the 'Apna' and 'Mr. Baker's brand names. The company's segment includes Edible Oils operations and Liquor operations. It generates maximum revenue from the Liquor operations segment.

Shri Gang Industries and Allied Products Headlines

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