Pritika Auto Industries (BOM:539359) Momentum Rank : 2 (As of May. 04, 2025)

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What is Pritika Auto Industries Momentum Rank?

Pritika Auto Industries has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Pritika Auto Industries's Momentum Rank

For the Specialty Industrial Machinery subindustry, Pritika Auto 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.

Pritika Auto Industries's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pritika Auto Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pritika Auto Industries's Momentum Rank falls into.

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Pritika Auto Industries Momentum Rank Related Terms

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Pritika Auto Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pritika Auto Industries Ltd (BOM:539359) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PRITIKAUTO:India

Address

Plot No. C-94, SAS Nagar, Phase-VII Industrial Focal Point, Mohali, PB, IND, 160055

Website

https://www.pritikaautoindustries.com

Pritika Auto Industries Ltd is an Indian company engaged in the manufacturing of tractor and automobile components. The company is engaged in manufacturing and selling parts and components for the Tractor Industry. The company sells metal, alloys, castings, automobile parts, machine tools, and tractor parts as well as engineering goods and accessories including zigs and fixtures, bolts and nuts, screws of any size and design for motor vehicles, or components parts. The Company is dealing in single segment which is manufacturing of Auto Components/parts.

Pritika Auto Industries Headlines

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