Signet Industries (NSE:SIGIND) Momentum Rank : 4 (As of Dec. 14, 2024)

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What is Signet Industries Momentum Rank?

Signet Industries has the Momentum Rank of 4.

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 Signet Industries's Momentum Rank

For the Conglomerates subindustry, Signet Industries'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.

Signet Industries's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Signet Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Signet Industries's Momentum Rank falls into.

Signet Industries Momentum Rank Related Terms

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Signet Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Signet Industries Ltd (NSE:SIGIND) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

512131:India

Address

Smart Industrial Park, Plot no. 99, Near NATRIP, Pithampur, Dhar, MP, IND, 454775

Website

https://www.groupsignet.com

Signet Industries Ltd is engaged in the business of merchant trading of all kinds of polymers and other related products. It is also involved in manufacturing micro-irrigation systems, sprinkler pipes, agro fittings, and its allied products, household, and plastic molded furnitures. Its primary segments are Manufacturing, Windmill, and Trading. The Manufacturing segment, which generates maximum revenue, comprises the manufacturing of irrigation and plastic products. Its Windmill segment includes its wind turbine power unit, and the Trading segment involves the trading of polymers and plastic granules. Geographically, the company derives a majority of its revenue from its business in India and also caters to the international markets through exports.

Signet Industries Headlines

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