Sree Jayalakshmi Autospin (BOM:530037) Momentum Rank : 3 (As of May. 02, 2024)

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What is Sree Jayalakshmi Autospin Momentum Rank?

Sree Jayalakshmi Autospin 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 Sree Jayalakshmi Autospin's Momentum Rank

For the Textile Manufacturing subindustry, Sree Jayalakshmi Autospin'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.

Sree Jayalakshmi Autospin's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Sree Jayalakshmi Autospin's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sree Jayalakshmi Autospin's Momentum Rank falls into.

Sree Jayalakshmi Autospin Momentum Rank Related Terms

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Sree Jayalakshmi Autospin (BOM:530037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sree Jayalakshmi Autospin Ltd (BOM:530037) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Sanjana Davangere Road, Chitradurga, KA, IND, 577501

Website

https://www.sjlal.com

Sree Jayalakshmi Autospin Ltd is an India-based company engaged in the business of Cotton Trading, and Cotton Seeds. The main activities of the company are Ginning and Cotton Trading. Company has three segments Cotton Yarns, Cotton Lint, Others. The cotton is purchased from farmers from APMC yards and sold to spinning mills in South India and cotton seeds are sold to oil units in Karnataka and other states.

Sree Jayalakshmi Autospin (BOM:530037) Headlines

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