Hindustan Unilever (BOM:500696) Momentum Rank : 4 (As of Apr. 26, 2024)

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What is Hindustan Unilever Momentum Rank?

Hindustan Unilever 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 Hindustan Unilever's Momentum Rank

For the Household & Personal Products subindustry, Hindustan Unilever'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.

Hindustan Unilever's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Hindustan Unilever's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hindustan Unilever's Momentum Rank falls into.

Hindustan Unilever Momentum Rank Related Terms

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Hindustan Unilever (BOM:500696) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hindustan Unilever Ltd (BOM:500696) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HINDUNILVR:India

Address

B. D. Sawant Marg, Unilever House, Chakala, Andheri (East), Mumbai, MH, IND, 400 099

Website

https://www.hul.co.in

Hindustan Unilever Ltd is an Indian consumer goods company. The firm's offering is diverse, as it includes over 50 brands from 16 distinct categories, from cosmetics and hygienic items (detergents, soaps, shampoos, skincare, toothpaste, and deodorants), to food and beverages (tea, coffee, packaged foods). Its product portfolio contains household brands such as Lux, Lifebuoy, Pepsodent, Closeup, Pureit, Axe, Brooke Bond, Bru, Knorr, Kissan, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Kwality Wall's, Surf Excel, Rin, Wheel, and Fair and Lovely.

Hindustan Unilever (BOM:500696) Headlines

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