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Alchemist (BOM:526707) Momentum Rank : 0 (As of May. 20, 2024)


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What is Alchemist Momentum Rank?

Alchemist has the Momentum Rank of 0.

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.

Alchemist Momentum Rank Related Terms

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Alchemist (BOM:526707) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Alchemist Ltd (BOM:526707) » Definitions » Momentum Rank
Comparable Companies
BOM:513496 BOM:538568 BOM:519319 BOM:539455 BOM:531409 BOM:539175 BOM:502850 BOM:506906 BOM:541735 BOM:513309 LSE:JAR LSE:JDS TSE:8058 TSE:8001 TSE:6501 HKSE:00267 HKSE:00001 TSE:8053 PHS:AC MIL:PST
Traded in Other Exchanges
N/A
Address
Alchemist House, Building No.23, Nehru Place, New Delhi, IND, 110019
Website
http://www.alchemist.co.in
Alchemist Ltd is a diversified Conglomerate company. It is engaged in the business of Agriculture and allied activities comprising of floriculture and manufacturing of wire mesh for poultry industry and trading of chemicals and pharmaceutical formulations. It operates through two segments: Agri Business and Pharma, Chemical and Minerals. The company's operations are spread across North America, Europe, Asia Pacific and Rest of the World regions.

Alchemist (BOM:526707) Headlines

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