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Tea Smallholder Factories (COL:TSML.N0000) Momentum Rank : 0 (As of Jun. 10, 2024)


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What is Tea Smallholder Factories Momentum Rank?

Tea Smallholder Factories 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.

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Tea Smallholder Factories (COL:TSML.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tea Smallholder Factories PLC (COL:TSML.N0000) » Definitions » Momentum Rank
Comparable Companies
BOM:519367 BOM:530219 BOM:512565 BOM:540681 BOM:500236 BOM:526081 BOM:519031 BOM:530735 BOM:526113 TSXV:SAI BOM:531265 BOM:519279 BOM:519262 BOM:519612 BOM:514197 RTON BOM:531598 BOM:519604 BOM:526285 BOM:517554
Traded in Other Exchanges
N/A
Address
No. 186, Vauxhall Street,, Colombo, LKA, 2
Website
https://www.keells.com
Tea Smallholder Factories PLC is an agribusiness plantation company. The company is engaged in the processing of green leaf purchased from smallholders and the sale of processed black tea. The company operates tea factories located in Ratnapura, Galle, and Ginigathhena.

Tea Smallholder Factories (COL:TSML.N0000) Headlines

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