AYM Syntex (BOM:508933) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is AYM Syntex Momentum Rank?

AYM Syntex 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 AYM Syntex's Momentum Rank

For the Textile Manufacturing subindustry, AYM Syntex'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.

AYM Syntex's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, AYM Syntex's Momentum Rank distribution charts can be found below:

* The bar in red indicates where AYM Syntex's Momentum Rank falls into.

AYM Syntex Momentum Rank Related Terms

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AYM Syntex (BOM:508933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » AYM Syntex Ltd (BOM:508933) » Definitions » Momentum Rank

Traded in Other Exchanges

AYMSYNTEX:India

Address

Senapati Bapat Marg, Trade World, B wing, 9th Floor, Kamala Mills Compound, Lower Parel, Mumbai, MH, IND, 400013

Website

https://www.aymsyntex.com

AYM Syntex Ltd is a company which is engaged in the business of textiles. The company manufactures product categories such as nylon yarn, conventionally dyed yarns, bulk continuous filament (BCF) yarns, and textile yarns. It manufactures synthetic yarn in India and outside India. The textile yarn and conventional dyed products include fully drawn yarn, draw textured yarn, oriented yarn, mono yarn, mother FDY yarn, and air textured yarn. Its nylon yarn products include raw white yarn, dope-dyed yarn, conventionally dyed yarns, melange yarn, and nylon 66 yarn. Its BCF yarn products consist of air-twisted, air-entangled, cabled/twisted, BCF singles, and power heat sets.

AYM Syntex (BOM:508933) Headlines

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