Himatsingka Seide (NSE:HIMATSEIDE) Momentum Rank : 10 (As of May. 12, 2025)

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What is Himatsingka Seide Momentum Rank?

Himatsingka Seide has the Momentum Rank of 10.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Himatsingka Seide's Momentum Rank

For the Textile Manufacturing subindustry, Himatsingka Seide'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.

Himatsingka Seide's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Himatsingka Seide's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Himatsingka Seide's Momentum Rank falls into.

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Himatsingka Seide Momentum Rank Related Terms

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Himatsingka Seide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Himatsingka Seide Ltd (NSE:HIMATSEIDE) » Definitions » Momentum Rank

Traded in Other Exchanges

514043:India

Address

No. 10/24, Kumara Krupa Road, High Grounds, Near Sindhi High School, Bengaluru, KA, IND, 560001

Website

https://www.himatsingka.com

Himatsingka Seide Ltd is engaged in spinning, weaving, and finishing of textiles, and manufacturing home textile products. It produces upholstery fabrics, drapery fabrics and bed linen products such as sheet sets, pillowcases, duvets, comforters, silk yarns, and silk yarns blended with wool and linen under the brand Calvin Klein Home, Barbara Barry, Pimacott, Atmosphere, and Others. Geographically, it derives a majority of its revenue from North America and also has a presence in India and Asia Pacific, Europe, Middle East and Africa, and Rest of the world.

Himatsingka Seide Headlines

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