Century Textiles & Industries (NSE:CENTURYTEX) Momentum Rank : 6 (As of Jun. 12, 2024)

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What is Century Textiles & Industries Momentum Rank?

Century Textiles & Industries has the Momentum Rank of 6.

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 Century Textiles & Industries's Momentum Rank

For the Paper & Paper Products subindustry, Century Textiles & 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.

Century Textiles & Industries's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Century Textiles & Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Century Textiles & Industries's Momentum Rank falls into.

Century Textiles & Industries Momentum Rank Related Terms

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Century Textiles & Industries (NSE:CENTURYTEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Century Textiles & Industries Ltd (NSE:CENTURYTEX) » Definitions » Momentum Rank

Traded in Other Exchanges

500040:India

Address

Dr. Annie Besant Road, Century Bhavan, Worli, Mumbai, MH, IND, 400030

Website

https://www.centurytextind.com

Century Textiles & Industries Ltd is a manufacturer with three main business segments: Textiles, Pulp and Paper, and Real Estate. The textiles division manufactures textiles, including suits, shirts, denim products, and bed linens, and rayon products, including various types of yarns and chemicals used to make textiles, tires, and household products. The Real Estates segment includes leased properties. The pulp and paper segment sells products including writing and printing paper, tissue paper, and paper board. Most of the company's revenue is generated in India. Exports comprise less than 10% of total sales.

Century Textiles & Industries (NSE:CENTURYTEX) Headlines

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