Lakshmi Machine Works (BOM:500252) Momentum Rank : 10 (As of Jun. 09, 2024)

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What is Lakshmi Machine Works Momentum Rank?

Lakshmi Machine Works has the Momentum Rank of 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Lakshmi Machine Works's Momentum Rank

For the Specialty Industrial Machinery subindustry, Lakshmi Machine Works'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.

Lakshmi Machine Works's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Lakshmi Machine Works's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lakshmi Machine Works's Momentum Rank falls into.

Lakshmi Machine Works Momentum Rank Related Terms

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Lakshmi Machine Works (BOM:500252) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Lakshmi Machine Works Ltd (BOM:500252) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

LAXMIMACH:India

Address

34-A, Kamaraj Road, Coimbatore, TN, IND, 641018

Website

https://www.lmwglobal.com

Lakshmi Machine Works Ltd is a machinery maker. The company is organized into three primary segments: a textile machinery division, a machine tool/foundry division, and an advanced technology center for aerospace parts and components. The company's textile machinery products include card sliver systems, combing systems, ring spinning systems, and related components. The company's machine tool products include CNC lathes, machining centers, and other high-tech machine tools. The company's foundry division manufactures ductile and grey iron castings. In addition, the company manufactures structural parts, engine and landing gear parts, sheet metal fabrications, and so on. It generates almost all of its revenue from the Indian domestic market.

Lakshmi Machine Works (BOM:500252) Headlines

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