GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » INOX India Ltd (BOM:544046) » Definitions » Momentum Rank

INOX India (BOM:544046) Momentum Rank : 0 (As of Dec. 14, 2024)


View and export this data going back to 2023. Start your Free Trial

What is INOX India Momentum Rank?

INOX 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.


INOX India Momentum Rank Related Terms

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


INOX India Business Description

Comparable Companies
Traded in Other Exchanges
Address
Race Course, 9th Floor, K P Platina, Vadodara, GJ, IND, 390007
INOX India Ltd is a manufacturer of cryogenic equipment and cryogenic tank manufacturers. The company's products include standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. The company generates revenue from India, Korea, France, Japan, Saudi Arabia, and other regions.

INOX India Headlines

No Headlines