Xpro India (BOM:590013) Momentum Rank : 10 (As of Jun. 01, 2024)

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What is Xpro India Momentum Rank?

Xpro India 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 Xpro India's Momentum Rank

For the Specialty Chemicals subindustry, Xpro India'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.

Xpro India's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Xpro India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Xpro India's Momentum Rank falls into.

Xpro India Momentum Rank Related Terms

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Xpro India (BOM:590013) Business Description

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XPROINDIA:India

Address

20/3, Main Mathura Road, 1st Floor, Faridabad, HR, IND, 121006

Website

http://www.xproindia.com

Xpro India Ltd is a company engaged in the manufacture of semi-finished plastic products. The company's only operating segment being, the Polymers Processing business. Geographically, it operates only in India. Its product portfolio includes BOPP Films, Coex Cast Films, Coex Sheets, Dielectric Films, and Thermoformed Liners. The company generates revenue from Coextruded sheets, cast films and liners and Biaxially oriented films.

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