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Ram Ratna Wires (NSE:RAMRAT) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Ram Ratna Wires Momentum Rank?

Ram Ratna Wires has the Momentum Rank of 0.

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.

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Ram Ratna Wires (NSE:RAMRAT) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ram Ratna Wires Ltd (NSE:RAMRAT) » Definitions » Momentum Rank
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BOM:504132 BOM:540795 NSE:HPL BOM:590031 BOM:543725 BOM:504036 NSE:SPECTRUM BOM:517059 BOM:540358 BOM:544003 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT
Traded in Other Exchanges
522281:India
Address
Bhailal Amin Marg, Gorwa, Ground Floor, Alembic Business Park (West), Vadodara, GJ, IND, 390003
Website
https://www.rrshramik.com
Ram Ratna Wires Ltd engages in the manufacture and sale of enameled copper winding wire and strips. Its products include enameled copper wire, enameled copper strips, enameled aluminum wires, submersible flat cable, corona resistant winding wires, and submersible winding wire. Its segments are Enamelled wires and strips; Copper tubes and pipes and Other. Geographically, it derives a majority of revenue from India.

Ram Ratna Wires (NSE:RAMRAT) Headlines

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