Amara Raja Energy & Mobility (BOM:500008) Momentum Rank : 10 (As of May. 23, 2024)

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What is Amara Raja Energy & Mobility Momentum Rank?

Amara Raja Energy & Mobility 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 Amara Raja Energy & Mobility's Momentum Rank

For the Electrical Equipment & Parts subindustry, Amara Raja Energy & Mobility'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.

Amara Raja Energy & Mobility's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Amara Raja Energy & Mobility's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Amara Raja Energy & Mobility's Momentum Rank falls into.

Amara Raja Energy & Mobility Momentum Rank Related Terms

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Amara Raja Energy & Mobility (BOM:500008) Business Description

Industry

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Traded in Other Exchanges

ARE&M:India

Address

Terminal A, 1-18/1/AMR/NR, Nanakramguda, Gachibowli, Hyderabad, TG, IND, 500 032

Website

https://www.amararajabatteries.com

Amara Raja Energy & Mobility Ltd Formerly Amara Raja Batteries Ltd is an India-based battery maker that operates through two divisions. The automotive battery division manufactures automotive batteries under the brand names Amaron and Powerzone and serves both the replacement market and original equipment manufacturers. The industrial battery division provides its products under flagship brands PowerStack, Quanta, and QRS Series to a wide range of industries, including telecommunications, infrastructure, power, railways, and others. The company generates most of its sales from the Indian domestic market.

Amara Raja Energy & Mobility (BOM:500008) Headlines

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