Lahoti Overseas (BOM:531842) Momentum Rank : 5 (As of Mar. 02, 2025)

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What is Lahoti Overseas Momentum Rank?

Lahoti Overseas has the Momentum Rank of 5.

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 Lahoti Overseas's Momentum Rank

For the Textile Manufacturing subindustry, Lahoti Overseas'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.

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

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

* The bar in red indicates where Lahoti Overseas's Momentum Rank falls into.

Lahoti Overseas Momentum Rank Related Terms

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Lahoti Overseas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lahoti Overseas Ltd (BOM:531842) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Tardeo Road, 307, Arun Chambers, Mumbai, MH, IND, 400034

Website

https://www.lahotioverseas.com

Lahoti Overseas Ltd is involved in the business of exporting cotton textiles, specializing in high-quality cotton yarns and fabrics. The company is also involved in setting up power projects, generating, supplying, distributing, transmitting, and transforming electric or other sources of power. Its product range includes carded and combed ring spun yarns, ply yarns, and special yarns. The company is divided into segments - Trading and Power. The segments consist of the Trading Division, Power Division, and others, with the majority of its revenue coming from the Trading Division.

Lahoti Overseas Headlines

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