Mukat Pipes (BOM:523832) Momentum Rank : 2 (As of Jun. 05, 2024)

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What is Mukat Pipes Momentum Rank?

Mukat Pipes has the Momentum Rank of 2.

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 Mukat Pipes's Momentum Rank

For the Steel subindustry, Mukat Pipes'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.

Mukat Pipes's Momentum Rank Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Mukat Pipes's Momentum Rank distribution charts can be found below:

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

Mukat Pipes Momentum Rank Related Terms

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Mukat Pipes (BOM:523832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mukat Pipes Ltd (BOM:523832) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

J.P. Road, Versova, Flat Number 39, Parag Apartments, 7th Floor, Andheri (West), Mumbai, MH, IND, 400061

Website

https://www.mukatpipes.com

Mukat Pipes Ltd is an India-based company that operates in the business of pipes. The company is involved in the manufacturing of Longitudinal and helical pipes. The product offered by the company includes MS shells for Infrastructure, Longitudinal Submerged Arc Welded (SAW) pipes; Spiral SAW pipes; Site pipe fabrication, and Penstock pipes. Geographically, the group operates in India.

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