Ambica Agarbathies & Aroma Industries (BOM:532335) Momentum Rank : 2 (As of Sep. 20, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Ambica Agarbathies & Aroma Industries Momentum Rank?

Ambica Agarbathies & Aroma Industries has the Momentum Rank of 2.

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 Ambica Agarbathies & Aroma Industries's Momentum Rank

For the Household & Personal Products subindustry, Ambica Agarbathies & Aroma 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.

Ambica Agarbathies & Aroma Industries's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ambica Agarbathies & Aroma Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ambica Agarbathies & Aroma Industries's Momentum Rank falls into.

Ambica Agarbathies & Aroma Industries Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ambica Agarbathies & Aroma Industries's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ambica Agarbathies & Aroma Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ambica Agarbathies & Aroma Industries Ltd (BOM:532335) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AMBICAAGAR:India

Address

100 FT Road, Ambica Empire, 57, Vadapalani, Chennai, TN, IND

Website

https://www.ambicaagarbathies.com

Ambica Agarbathies & Aroma Industries Ltd is an Indian manufacturer and seller of incense sticks. In addition, it is also involved in the business activities of operating hotels in Chennai and Vishakapatnam, Film production and distribution activities, and wind power generation activities. The operating segments of the company are the Agarbathies division and the Hotel division. The company derives a majority of its revenue from the Agarbathies division segment which involves manufacturing and selling varieties of incense sticks. The products offered by the entity are Durbar Bathi, Fruit (Natural Bathies), Sun Moon (incense sticks), Amrutham (herbal bathies), and Athjisaya Dhoop.

Ambica Agarbathies & Aroma Industries Headlines

No Headlines