Indian Hume Pipe Co (BOM:504741) Momentum Rank : 8 (As of Jun. 08, 2024)

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What is Indian Hume Pipe Co Momentum Rank?

Indian Hume Pipe Co 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 Indian Hume Pipe Co's Momentum Rank

For the Engineering & Construction subindustry, Indian Hume Pipe Co'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.

Indian Hume Pipe Co's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Indian Hume Pipe Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Indian Hume Pipe Co's Momentum Rank falls into.

Indian Hume Pipe Co Momentum Rank Related Terms

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Indian Hume Pipe Co (BOM:504741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Indian Hume Pipe Co Ltd (BOM:504741) » Definitions » Momentum Rank

Traded in Other Exchanges

INDIANHUME:India

Address

5, Walchand Hirachand Road, Construction House, 2nd Floor, Ballard Estate, Mumbai, MH, IND, 400 001

Website

http://www.indianhumepipe.com

Indian Hume Pipe Co Ltd manufactures and markets Hume Pipes and allied products. It is engaged in the business of manufacturing, laying, and jointing pipelines. It is also been undertaking infrastructure development programs by way of execution on a turnkey basis for the combined water supply projects. The company also manufactures and supplies Concrete Railway Sleepers to Indian Railways. It operates in one Reportable Segment namely 'Construction'.

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