Benara Bearings and Pistons (BOM:541178) Momentum Rank : 5 (As of Jun. 22, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Benara Bearings and Pistons Momentum Rank?

Benara Bearings and Pistons has the Momentum Rank of 5.

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 Benara Bearings and Pistons's Momentum Rank

For the Auto Parts subindustry, Benara Bearings and Pistons'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.

Benara Bearings and Pistons's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Benara Bearings and Pistons's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Benara Bearings and Pistons's Momentum Rank falls into.

Benara Bearings and Pistons Momentum Rank Related Terms

Thank you for viewing the detailed overview of Benara Bearings and Pistons's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Benara Bearings and Pistons (BOM:541178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Benara Bearings and Pistons Ltd (BOM:541178) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-3 and A-4, Site B, UPSIDC Industrial Area, Sikandrabad, Agra, UP, IND, 282007

Website

https://www.benara-phb.com

Benara Bearings and Pistons Ltd is engaged in the manufacturing of bearings, bushes, pistons, piston pins, piston rings, cylinder liners sleeves, and engine valves. It is also engaged in the marketing of products like ball bearings, spark plugs, rocker arms, timing chains, connecting rods, valve guides, and valve seals and batteries. The majority of revenue is generated from the automobile segment.

Benara Bearings and Pistons (BOM:541178) Headlines

No Headlines