GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hayleys Fabric PLC (COL:MGT.N0000) » Definitions » Momentum Rank

Hayleys Fabric (COL:MGT.N0000) Momentum Rank : 0 (As of Jun. 25, 2024)


View and export this data going back to 2003. Start your Free Trial

What is Hayleys Fabric Momentum Rank?

Hayleys Fabric 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.

Hayleys Fabric Momentum Rank Related Terms

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

Hayleys Fabric (COL:MGT.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hayleys Fabric PLC (COL:MGT.N0000) » Definitions » Momentum Rank
Comparable Companies
COL:TJL.N0000 HKSE:02313 SHSE:600346 SZSE:000301 IST:SASA TSE:3402 TPE:1402 SHSE:601233 BOM:532889 SHSE:600295 AIN SZSE:000158 BOM:521064 TPE:2915 BOM:514162 BOM:500330 SHSE:603055 SHSE:603306 SHSE:600370 LSE:COA
Traded in Other Exchanges
N/A
Address
Narthupana Estate, Neboda, LKA
Website
https://www.hayleysfabric.com
Hayleys Fabric PLC is engaged in manufacturing, distribution, and trading of Fabric materials and related products. In addition, the company also provides services like circular knitting of fabric, fabric dyeing and finishing, fabric printing, brushing, and sueding. The company product portfolio includes products like diversified weft knit, polyester fabrics, nylon fabric, and various other fabric products. The company possesses market recognition under the brand name INNO. Most of its revenue comes from the Sri Lankan market.

Hayleys Fabric (COL:MGT.N0000) Headlines

No Headlines