GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Menon Bearings Ltd (BOM:523828) » Definitions » Momentum Rank

Menon Bearings (BOM:523828) Momentum Rank : 2 (As of Jun. 08, 2024)


View and export this data going back to 2001. Start your Free Trial

What is Menon Bearings Momentum Rank?

Menon Bearings 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.

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


Competitive Comparison of Menon Bearings's Momentum Rank

For the Auto Parts subindustry, Menon Bearings'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.


Menon Bearings's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Menon Bearings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Menon Bearings's Momentum Rank falls into.



Menon Bearings Momentum Rank Related Terms

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


Menon Bearings (BOM:523828) Business Description

Traded in Other Exchanges
Address
G-1, MIDC, Gokul, Shirgaon, Kolhapur, MH, IND, 416 234
Menon Bearings Ltd is engaged in the manufacturing of auto components. The company products include bi-metal Engine bearings, Bushes and Thrust Washers for light and heavy automobile engines, two-wheeler engines as well as compressors for refrigerators, air conditioners, and others. Its bearing products include bearings for connecting rods, flanged bearings, and tri-metal bearings. The thrust washers include washers with thrust face contours and ring-type thrust washers. It offers truncated bushes for connecting rods; ball indented bushes; bushes for connecting rods; rocker arms and rock shafts. It has one business segment namely Auto Components.

Menon Bearings (BOM:523828) Headlines

No Headlines