Flex Foods (BOM:523672) Momentum Rank : 3 (As of May. 25, 2024)

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What is Flex Foods Momentum Rank?

Flex Foods has the Momentum Rank of 3.

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 Flex Foods's Momentum Rank

For the Packaged Foods subindustry, Flex Foods'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.

Flex Foods's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Flex Foods's Momentum Rank falls into.

Flex Foods Momentum Rank Related Terms

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Flex Foods (BOM:523672) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Flex Foods Ltd (BOM:523672) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

A-108, Sector - 4, Noida, UP, IND, 201301

Website

https://www.flexfoodsltd.com

Flex Foods Ltd is engaged in the business of processed foods. The company is engaged in the cultivation and processing of Culinary Herbs, Mushrooms, Fruits, and Vegetables. The company offers a wide range of Vacuum Freeze-Dried, Air-Dried, Frozen, and IQF (Individually Quick Frozen) products. The company's operations are conducted in India and it also exports to the United States, Australia, Europe, and Asia. Geographically, the company generates the majority of its revenue from outside India.

Flex Foods (BOM:523672) Headlines

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