Shalimar Wires Industries (BOM:532455) Momentum Rank : 7 (As of May. 20, 2024)

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What is Shalimar Wires Industries Momentum Rank?

Shalimar Wires Industries has the Momentum Rank of 7.

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 Shalimar Wires Industries's Momentum Rank

For the Paper & Paper Products subindustry, Shalimar Wires 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.

Shalimar Wires Industries's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Shalimar Wires Industries's Momentum Rank distribution charts can be found below:

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

Shalimar Wires Industries Momentum Rank Related Terms

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Shalimar Wires Industries (BOM:532455) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Shalimar Wires Industries Ltd (BOM:532455) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

25, Ganesh Chandra Avenue, 2nd Floor, Kolkata, WB, IND, 700013

Website

http://www.shalimarwires.com

Shalimar Wires Industries Ltd manufactures paper mill products. Its products portfolio includes Forming Fabric, Metallic Wire Cloth, Dandy Roll. It also manufactures coated Edm wires and Plain Edm wires. Its segments are Paper Mill Product and EDM Wire. The majority of the revenue is derived from the sale of paper mill products.

Shalimar Wires Industries (BOM:532455) Headlines

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