Alstone Textiles (India) (BOM:539277) Momentum Rank : 0 (As of Jun. 17, 2024)

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What is Alstone Textiles (India) Momentum Rank?

Alstone Textiles (India) has the Momentum Rank of 0.

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.

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Alstone Textiles (India) (BOM:539277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Alstone Textiles (India) Ltd (BOM:539277) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

47/18, Basement, Rajendra Place Metro Station, New Delhi, IND, 110060

Website

http://www.alstonetextiles.in

Alstone Textiles (India) Ltd is an India based company. It is engaged in supplying and trading. The company also focuses on third-party product distributions to originating unsecured personal loans and corporate loans. The company's business activity falls within single business segment viz. Finance Activity. The fabric line of the company consists of cotton, woolen, art silk, natural silk, readymade garments, hosiery, synthetics fiber and fabric, and mixed fabrics.

Alstone Textiles (India) (BOM:539277) Headlines

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