United Spirits (NSE:MCDOWELL-N) Momentum Rank : 7 (As of Apr. 27, 2024)

View and export this data going back to 2001. Start your Free Trial

What is United Spirits Momentum Rank?

United Spirits has the Momentum Rank of 7.

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 United Spirits's Momentum Rank

For the Beverages - Wineries & Distilleries subindustry, United Spirits'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.

United Spirits's Momentum Rank Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, United Spirits's Momentum Rank distribution charts can be found below:

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

United Spirits Momentum Rank Related Terms

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

United Spirits (NSE:MCDOWELL-N) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » United Spirits Ltd (NSE:MCDOWELL-N) » Definitions » Momentum Rank

Traded in Other Exchanges

532432:India

Address

No. 24, Vittal Mallya Road, UB Tower, Bengaluru, KA, IND, 560 001

Website

https://www.diageoindia.com

United Spirits Ltd manufactures and sells spirits, beer, wine, and other alcoholic beverages. The Company is engaged in the business of manufacture, purchase and sale of beverage alcohol and other allied spirits, including through tie-up manufacturing units and through strategic franchising of some of its brands. Its brand portfolio consists of McDowell's No.1, Royal Challenge, Black Dog, Signature, Antiquity, Director's Special Black, McDowell's Rum, McDowell's Brandy, Bagpiper, Old Tavern, and Haywards among others. Geographically, the firm generates a majority of its revenue from India.

United Spirits (NSE:MCDOWELL-N) Headlines

No Headlines