GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Mahip Industries Ltd (BOM:542503) » Definitions » Momentum Rank

Mahip Industries (BOM:542503) Momentum Rank : 0 (As of Oct. 31, 2024)


View and export this data going back to 2019. Start your Free Trial

What is Mahip Industries Momentum Rank?

Mahip Industries 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.


Mahip Industries Momentum Rank Related Terms

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


Mahip Industries Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Dholka Bagodara Highway, Survey No.127, Jalalpur - Godhneshwar, Ahmedabad, Gujrat, IND, 387810
Mahip Industries Ltd is a manufacturer and trader of corrugated boxes. The company offers corrugated boxes for milk and biscuits, drugs and medicines, processed and semi-processed foods, edible oils, fruits and vegetables, and electronic goods.

Mahip Industries Headlines

No Headlines