Tarai Foods (BOM:519285) Momentum Rank : 8 (As of Jun. 10, 2024)

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What is Tarai Foods Momentum Rank?

Tarai Foods has the Momentum Rank of 8.

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 Tarai Foods's Momentum Rank

For the Farm Products subindustry, Tarai Foods'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.

Tarai Foods's Momentum Rank Distribution in the Consumer Packaged Goods Industry

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

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

Tarai Foods Momentum Rank Related Terms

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Tarai Foods (BOM:519285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tarai Foods Ltd (BOM:519285) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sandhu Farms, Village Fazilpur Meharola, P.O. Box No. 18, District Udham Singh Nagar, Rudrapur, UT, IND, 263153

Website

https://www.taraifoods.in

Tarai Foods Ltd is engaged in food processing. It manufactures frozen fruits and vegetables using the Individual Quick Frozen (IQF) freezing technology. Tarai has a processing plant located in Rudrapur, Uttrakhand. The plant is capable of processing and freezing all kinds of products like fruits, vegetables, meats, and fish. Its products include frozen peas, frozen sweet corn, frozen mixed vegetables, and fresh, frozen, and canned mushrooms.

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