DuroPack (BOM:526355) Momentum Rank : 4 (As of Apr. 26, 2024)

View and export this data going back to 1994. Start your Free Trial

What is DuroPack Momentum Rank?

DuroPack 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 DuroPack's Momentum Rank

For the Packaging & Containers subindustry, DuroPack'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.

DuroPack's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, DuroPack's Momentum Rank distribution charts can be found below:

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

DuroPack Momentum Rank Related Terms

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

DuroPack (BOM:526355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » DuroPack Ltd (BOM:526355) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

B-4/160, Safdarjung Enclave, New Delhi, IND, 110029

Website

https://www.duropackindia.com

DuroPack Ltd is engaged in the manufacturing of holographic films, stickers, bags, and others. It is operating in one segment namely the manufacture of Multilayer Films, Flexible Laminated Films, Plastics bags and pouches, and Holographic Films products. Geographically, it operates only in India. Some of its products include stock plain pouches, pouches with windows, stand-up kraft paper pouches, both sides colored stand-up pouches, three-side seal pouches, printed and laminated rolls, and others. Revenue is generated from the sale of products, services, scrap, interest income, and other sources. The majority of the revenue is generated from the sale of products.

DuroPack (BOM:526355) Headlines

No Headlines