Southern Petrochemicals Industries (LUX:STHPT) Momentum Rank : 5 (As of Jun. 21, 2024)

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What is Southern Petrochemicals Industries Momentum Rank?

Southern Petrochemicals Industries 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 Southern Petrochemicals Industries's Momentum Rank

For the Agricultural Inputs subindustry, Southern Petrochemicals Industries'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.

Southern Petrochemicals Industries's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Southern Petrochemicals Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Southern Petrochemicals Industries's Momentum Rank falls into.

Southern Petrochemicals Industries Momentum Rank Related Terms

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Southern Petrochemicals Industries (LUX:STHPT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Southern Petrochemicals Industries Corp Ltd (LUX:STHPT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

SPIC:India 590030:India

Address

Number 88 Mount Road, SPIC House, Guindy, Chennai, TN, IND, 600 032

Website

https://www.spic.in

Southern Petrochemicals Industries Corp Ltd is a fertilizer manufacturing company. It is engaged in the manufacture and sale of Urea. The company produces fertilizers to improve soil consistency and efficiency for the agricultural sector. The business segments of the company are agro-input products concerned with urea operations and other products which include tissue culture and seeds. It offers products like chemical fertilizers, water-soluble fertilizers, organic fertilizers, micronutrients, plant growth regulators, and industrial products. The sale of agro-input products serves as the key revenue source for the company which is generated within India.

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