Ecoboard Industries (BOM:523732) Momentum Rank : 10 (As of Jun. 09, 2024)

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What is Ecoboard Industries Momentum Rank?

Ecoboard Industries 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 Ecoboard Industries's Momentum Rank

For the Lumber & Wood Production subindustry, Ecoboard Industries'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.

Ecoboard Industries's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Ecoboard Industries's Momentum Rank distribution charts can be found below:

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

Ecoboard Industries Momentum Rank Related Terms

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Ecoboard Industries (BOM:523732) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Ecoboard Industries Ltd (BOM:523732) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Karve Road, 65/1A, Ecohouse, Akarshak Building, Opposite Nal Stop, Pune, MH, IND, 411004

Website

https://www.ecoboard.in

Ecoboard Industries Ltd manufactures and sells laminated particle boards in India. It has two business divisions: EcoBuild and EcoEnergy. The company's EcoBuild division is marketed under the brand name FORSTER which includes sustainable building materials and products, internal walls, internal ceiling, doors, structural flooring, shelves, etc. EcoEnergy includes energy from Industrial and agro-waste, wastewater treatment plants distilleries using sustainable technologies, and other industries. It operates mainly in two segments: Particle Boards and BioSystems. The Majority of its revenue is generated from the Particle Board segment.

Ecoboard Industries (BOM:523732) Headlines

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