GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naraingarh Sugar Mills Ltd (BOM:531457) » Definitions » Momentum Rank

Naraingarh Sugar Mills (BOM:531457) Momentum Rank : 0 (As of May. 15, 2024)


View and export this data going back to 1996. Start your Free Trial

What is Naraingarh Sugar Mills Momentum Rank?

Naraingarh Sugar Mills 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.

Naraingarh Sugar Mills Momentum Rank Related Terms

Thank you for viewing the detailed overview of Naraingarh Sugar Mills's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Naraingarh Sugar Mills (BOM:531457) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Naraingarh Sugar Mills Ltd (BOM:531457) » Definitions » Momentum Rank
Comparable Companies
BOM:530617 BOM:531923 BOM:500132 BOM:507508 BOM:532183 BOM:507450 BOM:590068 IST:OYLUM BOM:507300 BOM:532879 BOM:541347 BOM:500319 BOM:523475 WAR:EXC BOM:507180 WAR:CAM BOM:507442 BOM:532102 BOM:539742 LSE:RGD
Traded in Other Exchanges
N/A
Address
Village Banondi, P.O. Shahzadpur, Tehsil Naraingarh, Ambala, HR, IND, 133001
Website
http://www.naraingarhsugarmillsltd.com
Naraingarh Sugar Mills Ltd is engaged in the business of manufacturing white crystal sugar and by-products. It earns revenues from the sales of sugar, molasses, power, press mud, and bagasse.

Naraingarh Sugar Mills (BOM:531457) Headlines

No Headlines