RCI Industries & Technologies (BOM:537254) Momentum Rank : 3 (As of May. 24, 2024)

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What is RCI Industries & Technologies Momentum Rank?

RCI Industries & Technologies has the Momentum Rank of 3.

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 RCI Industries & Technologies's Momentum Rank

For the Copper subindustry, RCI Industries & Technologies'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.

RCI Industries & Technologies's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, RCI Industries & Technologies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where RCI Industries & Technologies's Momentum Rank falls into.

RCI Industries & Technologies Momentum Rank Related Terms

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RCI Industries & Technologies (BOM:537254) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » RCI Industries & Technologies Ltd (BOM:537254) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Florr Pearl Omaxe Tower,, Unit Number 421,, Pitampura, New Delhi, Delhi, IND, 110052

Website

https://www.rciind.com

RCI Industries & Technologies Ltd is engaged in the manufacturing of copper products in India. The company's product categories include Brass, Bronze, Copper, Nickel, Solder, Stainless steel, and Aluminium. Its products are applicable in sectors like automobile, engineering, defence, construction, electronics, among others. It involves into B2C segment for the production of copper cables, LED Lights, and Home Appliances under the brand name RIKAYAA. Geographically, it derives substantial revenue from India and has operations in the Middle East and African countries.

RCI Industries & Technologies (BOM:537254) Headlines

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