Marshall Machines (NSE:MARSHALL) Momentum Rank : 10 (As of Jun. 18, 2024)

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What is Marshall Machines Momentum Rank?

Marshall Machines has the Momentum Rank of 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.

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

Competitive Comparison of Marshall Machines's Momentum Rank

For the Specialty Industrial Machinery subindustry, Marshall Machines'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.

Marshall Machines's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Marshall Machines's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Marshall Machines's Momentum Rank falls into.

Marshall Machines Momentum Rank Related Terms

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Marshall Machines (NSE:MARSHALL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Marshall Machines Ltd (NSE:MARSHALL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

C 86, Phase-V, Focal Point, Ludhiana, PB, IND, 141010

Website

https://www.marshallcnc.com

Marshall Machines Ltd is an India based company engaged in the business of developing, manufacturing and marketing of Machine Tool Equipment including a wide range of Single spindle, Patented double and four spindle CNC machines, Automated robotic solutions and patent pending IoTQ suite of intelligent equipment. The company also sells machine parts of the manufactured machines as well to existing machinery buyers. Its products and services are offered to a wide range of industries including manufacturers of Axles, Crankshafts, Auto Parts, Fans, Pumps, Bearings, Gear Blanks, and Bushes among others. The company sells its products in India and also exports it to other countries, of which key revenue is generated from sales made within the country.

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