Patanjali Foods (BOM:500368) Momentum Rank : 7 (As of May. 15, 2024)

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What is Patanjali Foods Momentum Rank?

Patanjali Foods has the Momentum Rank of 7.

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 Patanjali Foods's Momentum Rank

For the Packaged Foods subindustry, Patanjali Foods'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.

Patanjali Foods's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Patanjali Foods's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Patanjali Foods's Momentum Rank falls into.

Patanjali Foods Momentum Rank Related Terms

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Patanjali Foods (BOM:500368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Patanjali Foods Ltd (BOM:500368) » Definitions » Momentum Rank

Traded in Other Exchanges

PATANJALI:India

Address

601, A.B. Road, Part B-2, 6th Floor, Metro Tower, Vijay Nagar, Indore, MP, IND, 452 010

Website

http://www.ruchisoya.com

Patanjali Foods Ltd is engaged in the business of processing oilseeds and refining crude oil for edible use. It operates through the following segments: Seed Extractions, Oils and Vanaspati, Food Products, and Wind Power Generation. The Extraction segment includes various types of seed extractions. The Oils and Vanaspati segment includes crude oils, refined oils, vanaspati, bakery fats and table spread. The Food Products segment comprises textured soya protein and soya flour. The Wind Power Generation segment involves electricity generation from windmills.

Patanjali Foods (BOM:500368) Headlines

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