Alkyl Amines Chemicals (BOM:506767) Momentum Rank : 4 (As of May. 23, 2024)

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What is Alkyl Amines Chemicals Momentum Rank?

Alkyl Amines Chemicals has the Momentum Rank of 4.

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 Alkyl Amines Chemicals's Momentum Rank

For the Specialty Chemicals subindustry, Alkyl Amines 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.

Alkyl Amines Chemicals's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Alkyl Amines Chemicals's Momentum Rank falls into.

Alkyl Amines Chemicals Momentum Rank Related Terms

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Alkyl Amines Chemicals (BOM:506767) Business Description

Industry

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ALKYLAMINE:India

Address

132, Dr. Annie Besant Road, 207A, Kakad Chambers, Worli, Mumbai, MH, IND, 400 018

Website

https://www.alkylamines.com

Alkyl Amines Chemicals Ltd supplies amines and amine-based chemicals to the pharmaceutical, agrochemical, rubber chemical, and water treatment industries. Its products include Aliphatic Amines, Amine Derivatives, and Fine Chemicals. It also provides contract services consisting of technology and product development, and scale-up services, as well as custom manufacturing support services. The company serves industries, such as pharmaceuticals, agrochemicals, water treatment chemicals, foundry chemicals, rubber chemicals. Geographically, it derives a majority of its revenue from Within India.

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