The Fertilizers & Chemicals Travancore (BOM:590024) Momentum Rank : 6 (As of Jun. 07, 2024)

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What is The Fertilizers & Chemicals Travancore Momentum Rank?

The Fertilizers & Chemicals Travancore has the Momentum Rank of 6.

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 The Fertilizers & Chemicals Travancore's Momentum Rank

For the Agricultural Inputs subindustry, The Fertilizers & Chemicals Travancore'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.

The Fertilizers & Chemicals Travancore's Momentum Rank Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, The Fertilizers & Chemicals Travancore's Momentum Rank distribution charts can be found below:

* The bar in red indicates where The Fertilizers & Chemicals Travancore's Momentum Rank falls into.

The Fertilizers & Chemicals Travancore Momentum Rank Related Terms

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The Fertilizers & Chemicals Travancore (BOM:590024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Fertilizers & Chemicals Travancore Ltd (BOM:590024) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

FACT:India

Address

Eloor, Udyogamandal, Ernakulam District, Kochi, KL, IND, 683501

Website

https://www.fact.co.in

The Fertilizers & Chemicals Travancore Ltd is engaged in the manufacturing of fertilizers. It operates through two segments: Fertilizers and Petrochemical. Its products include Ammonium Phosphate, Ammonium Sulphate, Mixtures, MOP (Muriate of Potash) and Caprolactam. It also provides engineering consultancy and equipment fabrication services. The company generates the majority of its revenue from fertilizer segment.

The Fertilizers & Chemicals Travancore (BOM:590024) Headlines

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