Gokul Refoils & Solvent (NSE:GOKUL) Momentum Rank : 7 (As of Jun. 16, 2024)

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What is Gokul Refoils & Solvent Momentum Rank?

Gokul Refoils & Solvent has the Momentum Rank of 7.

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 Gokul Refoils & Solvent's Momentum Rank

For the Packaged Foods subindustry, Gokul Refoils & Solvent'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.

Gokul Refoils & Solvent's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Gokul Refoils & Solvent's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gokul Refoils & Solvent's Momentum Rank falls into.

Gokul Refoils & Solvent Momentum Rank Related Terms

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Gokul Refoils & Solvent (NSE:GOKUL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Gokul Refoils & Solvent Ltd (NSE:GOKUL) » Definitions » Momentum Rank

Traded in Other Exchanges

532980:India

Address

Near Tapovan Circle, Gandhinagar Highway, Office No. 501, Fifth Floor, Block A, Gokul Pratham, Ahmedabad, GJ, IND, 382424

Website

http://www.gokulgroup.com

Gokul Refoils & Solvent Ltd is an India-based company engaged in agro-based commodities. It is engaged in the business of seed processing, solvent extraction, and refining of edible oils such as soya bean oil, cottonseed oil, palm oil (palm olein), sunflower oil, mustard oil, groundnut oil, vanaspati, and industrial oil such as castor oil. The company has one operating segment, which is dealing in edible-non-edible oils and related activities.

Gokul Refoils & Solvent (NSE:GOKUL) Headlines

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