Meyer Apparel (BOM:531613) Momentum Rank : 10 (As of Jun. 24, 2024)

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What is Meyer Apparel Momentum Rank?

Meyer Apparel has the Momentum Rank of 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.

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

Competitive Comparison of Meyer Apparel's Momentum Rank

For the Apparel Manufacturing subindustry, Meyer Apparel'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.

Meyer Apparel's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Meyer Apparel's Momentum Rank falls into.

Meyer Apparel Momentum Rank Related Terms

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Meyer Apparel (BOM:531613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Meyer Apparel Ltd (BOM:531613) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 and 4, Mustil No. 19, Killa No. 5, Opposite Tata Consultancy N.H-8, Village Narsinghpur, Gurugram, HR, IND, 122004

Website

https://www.meyerapparel.com

Meyer Apparel Ltd engages in the manufacture and sale of readymade garments. The company provides formal dressing products, including suits; blue/white button-down shirts, ties, and black shoes and belts. It also offers normal wear, such as jeans, white T-shirts, sweaters, and sneakers, as well as jackets and trousers for men. In addition, the company offers accessories, such as leather wallets, watches, ties, and eyewear.

Meyer Apparel (BOM:531613) Headlines

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