Hindustan Organic Chemicals (BOM:500449) Momentum Rank : 8 (As of Jun. 03, 2024)

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What is Hindustan Organic Chemicals Momentum Rank?

Hindustan Organic Chemicals has the Momentum Rank of 8.

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 Hindustan Organic Chemicals's Momentum Rank

For the Chemicals subindustry, Hindustan Organic Chemicals'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.

Hindustan Organic Chemicals's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Hindustan Organic Chemicals's Momentum Rank falls into.

Hindustan Organic Chemicals Momentum Rank Related Terms

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Hindustan Organic Chemicals (BOM:500449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindustan Organic Chemicals Ltd (BOM:500449) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

V Times Square, Plot No: 3, Sector 15, 401, 402 and 403, 4th Floor, CBD Belapur, Navi Mumbai, MH, IND, 400614

Website

https://www.hoclindia.com

Hindustan Organic Chemicals Ltd or HOCL is an India-based company engaged in the manufacturing and sale of chemicals. Its main products include Phenol, Acetone, Oleum, Nitrobenzene, Concentrated Nitric Acid, Aniline, Nitrotoluenes, Chlorobenzenes, Nitrochlorobenzenes, Dinitrogen Tetroxide and Hydrogen Peroxide. It provides various organic chemicals for industries, such as resins and laminates, dyes and dyes intermediates, drugs and pharmaceuticals, rubber chemicals, paints, pesticides and others. It also produces plastic polytetrafluoroethylene through its subsidiary. HOCL uses raw materials, such as benzene, toluene, liquefied petroleum gas (LPG), methanol, naphtha, and sulfur. HOCL has two manufacturing units at Rasayani, District Raigad in Maharashtra and at Kochi in Kerala.

Hindustan Organic Chemicals (BOM:500449) Headlines

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