Roopa Industries (BOM:530991) Momentum Rank : 1 (As of May. 04, 2025)

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What is Roopa Industries Momentum Rank?

Roopa Industries has the Momentum Rank of 1.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

Competitive Comparison of Roopa Industries's Momentum Rank

For the Chemicals subindustry, Roopa Industries'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.

Roopa Industries's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Roopa Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Roopa Industries's Momentum Rank falls into.

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Roopa Industries Momentum Rank Related Terms

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Roopa Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Roopa Industries Ltd (BOM:530991) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

6-2-1012, TGV Mansion, 3rd floor, Khairatabad, Above ICICI Bank, Hyderabad, TG, IND, 500004

Website

https://www.roopaindustries.com

Roopa Industries Ltd is an Indian Active Pharma Ingredient(API) and Pharmaceutical Intermediates company engaged in manufacturing, selling and exporting nutraceuticals, bulk drugs, and fine chemicals. It offers glucosamine, a nutraceutical/nutritional supplement used for arthritis treatment; and triphenylphosphine, which have applications in antibiotics, statins, specialty resins/paints, fire retardants, phosphonium salts, phase transfer catalysts, agriculture-related products as well as in organic synthesis. The other products offered by the company include Bromine and its derivatives, Esomeprazole Magnesium Trihydrate, and Tamsulosin. The company generates all of its revenue from the sale of its products.

Roopa Industries Headlines

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