Himadri Speciality Chemical (BOM:500184) Momentum Rank : 9 (As of Apr. 26, 2024)

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What is Himadri Speciality Chemical Momentum Rank?

Himadri Speciality Chemical has the Momentum Rank of 9.

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 Himadri Speciality Chemical's Momentum Rank

For the Specialty Chemicals subindustry, Himadri Speciality Chemical'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.

Himadri Speciality Chemical's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Himadri Speciality Chemical's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Himadri Speciality Chemical's Momentum Rank falls into.

Himadri Speciality Chemical Momentum Rank Related Terms

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Himadri Speciality Chemical (BOM:500184) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Himadri Speciality Chemical Ltd (BOM:500184) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HSCL:India

Address

India Exchange Place, 2nd Floor, Ruby House 8, Kolkata, WB, IND, 700 001

Website

https://www.himadri.com

Himadri Speciality Chemical Ltd is an Indian Coal Tar Pitch manufacturer with supplies to aluminium and graphite manufacturers. The company operates its business through two segments, which include Carbon Materials and chemicals; and Power. Through its operating segments, the company serves coal tar pitch to various industries to help manufacture aluminum, graphite electrodes, warhead missiles, lithium-ion batteries, and sulphonated naphthalene formaldehyde. Himadri also generates power through the windmills, which is marketed to the state electricity grid. Most of its revenue gets derived from the Carbon materials and chemicals segment. The group has a business presence in India and Outside India.

Himadri Speciality Chemical (BOM:500184) Headlines

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