Bimetal Bearings (BOM:505681) Momentum Rank : 10 (As of May. 25, 2024)

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What is Bimetal Bearings Momentum Rank?

Bimetal Bearings 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 Bimetal Bearings's Momentum Rank

For the Auto Parts subindustry, Bimetal Bearings'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.

Bimetal Bearings's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bimetal Bearings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bimetal Bearings's Momentum Rank falls into.

Bimetal Bearings Momentum Rank Related Terms

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Bimetal Bearings (BOM:505681) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bimetal Bearings Ltd (BOM:505681) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Race Course Road, Coimbatore, TN, IND, 641018

Website

https://www.bimite.co.in

Bimetal Bearings Ltd is engaged in manufacturing of Engine Bearings, Bushings, Thrust Washers, Alloy Powder and Bimetallic Strips. The company has manufacturing plants in Coimbatore, Hosur, Chennai (Sembiam and Thoraipakkam) in India. It has only one segment. Bimetal Bearings manufactures a range of Engine Bearings, Bushings, Thrust Washers, Alloy Powder and Bimetallic Strips. The company's traded products include thin-walled bearings and bushings (main and conrod). Its engine bearings include plated and non-plated bearings in copper and aluminum-based alloys (leaded and lead-free); connecting rod bearings; main bearings, and roll formed flange bearings.

Bimetal Bearings (BOM:505681) Headlines

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