Trans India House Impex (BOM:523752) Momentum Rank : 4 (As of Jun. 16, 2024)

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What is Trans India House Impex Momentum Rank?

Trans India House Impex has the Momentum Rank of 4.

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 Trans India House Impex's Momentum Rank

For the Business Equipment & Supplies subindustry, Trans India House Impex'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.

Trans India House Impex's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Trans India House Impex's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Trans India House Impex's Momentum Rank falls into.

Trans India House Impex Momentum Rank Related Terms

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Trans India House Impex (BOM:523752) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Trans India House Impex Ltd (BOM:523752) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

B-1101, Titanium Square, B/H. Sarveshwar Tower, Opposite B .M.W. Show Room, Thaltej, Ahmedabad, GJ, IND, 380054

Website

https://www.tihil.co.in

Trans India House Impex Ltd is a service-oriented export trading company providing domestic and international companies the opportunity to import and export products to new and existing markets. Its product offering includes Ceramic tiles, Packaging, Textiles, and Dehydrated vegetables. The services offered by the company cover Import-Export, Logistics, and Merchant Trading.

Trans India House Impex (BOM:523752) Headlines

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