Suprajit Engineering (NSE:SUPRAJIT) Momentum Rank : 4 (As of Apr. 12, 2025)

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What is Suprajit Engineering Momentum Rank?

Suprajit Engineering has the Momentum Rank of 4.

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.

Competitive Comparison of Suprajit Engineering's Momentum Rank

For the Auto Parts subindustry, Suprajit Engineering'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.

Suprajit Engineering's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Suprajit Engineering's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Suprajit Engineering's Momentum Rank falls into.

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Suprajit Engineering Momentum Rank Related Terms

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Suprajit Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Suprajit Engineering Ltd (NSE:SUPRAJIT) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

532509:India

Address

No. 100 and 101, Bommasandra Industrial Area, Anekal Taluka, Bengaluru, KA, IND, 560 099

Website

https://www.suprajit.com

Suprajit Engineering Ltd is a company that manufactures auto components. Their products include control cables, speedo cables, braking systems, display clusters, telematics, gearboxes, gear shifter systems, throttle controls, and other components for automobiles. The company's main business is manufacturing and selling automotive and other components. The company has a business presence in India, the United States, and the rest of the world (including operations in the United Kingdom, Germany, Luxembourg, and Hungary), with a significant portion of their revenue coming from India. The products manufactured by the company are used by motorcycle, scooter, and moped manufacturers.

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