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Manaksia Coated Metals & Industries (BOM:539046) Momentum Rank : 3 (As of May. 16, 2024)


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What is Manaksia Coated Metals & Industries Momentum Rank?

Manaksia Coated Metals & Industries 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 Manaksia Coated Metals & Industries's Momentum Rank

For the Metal Fabrication subindustry, Manaksia Coated Metals & 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.


Manaksia Coated Metals & Industries's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Manaksia Coated Metals & Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Manaksia Coated Metals & Industries's Momentum Rank falls into.



Manaksia Coated Metals & Industries Momentum Rank Related Terms

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Manaksia Coated Metals & Industries (BOM:539046) Business Description

Traded in Other Exchanges
Address
Road No. 14, Banjara Hills, Plot No. 15, Navodaya Colony, Hyderabad, TG, IND, 500034
Manaksia Coated Metals & Industries Ltd is engaged in the manufacturing of Mosquito Repellent Coils and value-added secondary metal products like Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour Coated (Pre-painted) Sheets. It operates in two segments including Metal Products; and others. The metal products segment, which is the key revenue driver, includes colour-coated (pre-painted) steel and aluminum sheets and coils. Geographically, it has operations in India as well as overseas. Its products are Colour Coated Metal Sheets & Coils, Galvanised Steel Sheets & Coils, Mosquito Repellent Coils, Ultramarine Blue Powder, and Agro Products. It sells products under brands such as Color Strong, Zingalvo, Singham, and Brochures.

Manaksia Coated Metals & Industries (BOM:539046) Headlines

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