Sukhjit Starch & Chemicals (NSE:SUKHJITS) Momentum Rank : 0 (As of May. 10, 2025)

View and export this data going back to 2022. Start your Free Trial

What is Sukhjit Starch & Chemicals Momentum Rank?

Sukhjit Starch & Chemicals has the Momentum Rank of 0.

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.

Sukhjit Starch & Chemicals Momentum Rank Related Terms

Thank you for viewing the detailed overview of Sukhjit Starch & Chemicals's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Sukhjit Starch & Chemicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sukhjit Starch & Chemicals Ltd (NSE:SUKHJITS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

524542:India

Address

Sarai Road, Kapurthala District, Phagwara, PB, IND, 144401

Website

https://www.sukhjitgroup.com

Sukhjit Starch & Chemicals Ltd is an India-based manufacturer of starch and its derivatives. The company's operation is divided into four segments namely Starch & its derivatives, Readymade garments, Leasing & hire purchase financing, and Manufacturing of heavy machinery. It derives key revenue from Starch and its derivatives business division. The company products include Maize Starch, Monohydrate Dextrose, Sorbitol 70%, Anhydrous Dextrose, Liquid Glucose, High Maltose Syrup, Malto Dextrin Powder, Modified Starch, Maize Gluten, Maize Germ, Maize Oil, and Maize Bran.

Sukhjit Starch & Chemicals Headlines

No Headlines