Coffee Day Enterprises (NSE:COFFEEDAY) Momentum Rank : 3 (As of May. 23, 2024)

View and export this data going back to 2015. Start your Free Trial

What is Coffee Day Enterprises Momentum Rank?

Coffee Day Enterprises has the Momentum Rank of 3.

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 Coffee Day Enterprises's Momentum Rank

For the Restaurants subindustry, Coffee Day Enterprises'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.

Coffee Day Enterprises's Momentum Rank Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Coffee Day Enterprises's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Coffee Day Enterprises's Momentum Rank falls into.

Coffee Day Enterprises Momentum Rank Related Terms

Thank you for viewing the detailed overview of Coffee Day Enterprises's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Coffee Day Enterprises (NSE:COFFEEDAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Coffee Day Enterprises Ltd (NSE:COFFEEDAY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

539436:India

Address

Vittal Mallya Road, 23/2, Coffee Day Square, Bangalore, KA, IND, 560001

Website

https://www.coffeeday.com

Coffee Day Enterprises Ltd is engaged in a coffee business which includes procuring, processing, and roasting of coffee beans to retailing of coffee products across various formats. The company is also engaged in the logistics business providing services as port handling, road and rail, logistics, container freight stations, and mining to provide integrated logistics solutions. It operates through the following business segments: Coffee and related business, Integrated multimodal logistics, Hospitality Services, and Investment and other corporate operations. The majority of the company's revenue comes from its Coffee related business. The vast majority of its revenue is generated within India.

Coffee Day Enterprises (NSE:COFFEEDAY) Headlines

No Headlines