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Swojas Foods (BOM:530217) Momentum Rank : 0 (As of Dec. 12, 2024)


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What is Swojas Foods Momentum Rank?

Swojas Foods 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.

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Swojas Foods Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Swojas Foods Ltd (BOM:530217) » Definitions » Momentum Rank
Comparable Companies
BOM:530119 NSE:AJOONI BOM:531716 TSXV:GB WAR:CZK BOM:519373 LSE:UKR BOM:519413 BOM:519287 BOM:530953 ORSE:BRV1R BOM:538565 BOM:517554 HKSE:08241 BOM:519612 BOM:512624 TSXV:DLC BOM:531153 BOM:514197 BOM:531598
Traded in Other Exchanges
N/A
Address
S. G. Highway, Nr. Panchratna Party Plot, Block A, Office No. 1004, Mondeal Heights, Ahmedabad, GJ, IND, 380051
Website
https://www.sefl.co.in
Swojas Foods Ltd formerly Swojas Energy Foods Ltd is an Indian based company engaged in the agriculture business. It is also engaged in lending Short term Loans and Advances as a secondary activity and generates revenue from the same.

Swojas Foods Headlines

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