Asian Petroproducts & Exports (BOM:524434) Momentum Rank : 4 (As of May. 26, 2024)

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What is Asian Petroproducts & Exports Momentum Rank?

Asian Petroproducts & Exports 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 Asian Petroproducts & Exports's Momentum Rank

For the Specialty Chemicals subindustry, Asian Petroproducts & Exports'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.

Asian Petroproducts & Exports's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Asian Petroproducts & Exports's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Asian Petroproducts & Exports's Momentum Rank falls into.

Asian Petroproducts & Exports Momentum Rank Related Terms

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Asian Petroproducts & Exports (BOM:524434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Asian Petroproducts & Exports Ltd (BOM:524434) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chikuwadi, Near Jetalpur Road, 24, Suewernapuri Soceity, Alkapuri, Vadodara, GJ, IND, 390 007

Website

https://www.asianpetro.org

Asian Petroproducts & Exports Ltd is engaged in the business of manufacturing specialty chemicals. The company manufactures chemicals based on Ethylene Oxide. The company offers Monoethanolamine, Diethanolamine, Triethanalomine, Ethoxylates of various moles, Lauryl alcohol ethoxylates and Steric acid ethoxylates. Its products are used in refineries, fertilizers, textiles industries, dyes industries, and pharmaceutical and detergent industries. Geographically operation is carried out in India.

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