Khadim India (NSE:KHADIM) Momentum Rank : 5 (As of Dec. 11, 2024)

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What is Khadim India Momentum Rank?

Khadim India 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 Khadim India's Momentum Rank

For the Footwear & Accessories subindustry, Khadim India'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.

Khadim India's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Khadim India's Momentum Rank falls into.

Khadim India Momentum Rank Related Terms

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Khadim India Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Khadim India Ltd (NSE:KHADIM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

540775:India

Address

08 Major Arterial Road, 7th Floor, Tower C, DLF IT Park, Block - AF, New Town (Rajarhat), Kolkata, WB, IND, 7000156

Website

https://www.khadims.com

Khadim India Ltd is a wholesaler and retailer of footwear in India. The retail business operates through its retail stores catering to the middle and the upper-middle-income consumers in metros and Tier I - Tier III cities, and the distribution business operates through a network of distributors catering to lower and middle-income consumers in metros and Tier I - Tier III cities. It generates the majority of revenue from India.

Khadim India Headlines

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