Triveni Glass (BOM:502281) Momentum Rank : 2 (As of May. 23, 2024)

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What is Triveni Glass Momentum Rank?

Triveni Glass has the Momentum Rank of 2.

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 Triveni Glass's Momentum Rank

For the Building Products & Equipment subindustry, Triveni Glass'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.

Triveni Glass's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Triveni Glass's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Triveni Glass's Momentum Rank falls into.

Triveni Glass Momentum Rank Related Terms

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Triveni Glass (BOM:502281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Triveni Glass Ltd (BOM:502281) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kanpur Road, Prayagraj, UP, IND, 211001

Website

https://www.triveniglassltd.com

Triveni Glass Ltd is engaged in the manufacturing of glass. The firm manufactures and markets glass products. Its products include float, figured & wired, and sheet glass. The firm's glass products offer decorative benefits to architects, builders, and interior designers for a range of exciting applications in homes, restaurants, office interiors, and hotels.

Triveni Glass (BOM:502281) Headlines

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