Swasti Vinayaka Synthetics (BOM:510245) Momentum Rank : 8 (As of Jun. 05, 2024)

View and export this data going back to 1991. Start your Free Trial

What is Swasti Vinayaka Synthetics Momentum Rank?

Swasti Vinayaka Synthetics 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 Swasti Vinayaka Synthetics's Momentum Rank

For the Apparel Manufacturing subindustry, Swasti Vinayaka Synthetics'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.

Swasti Vinayaka Synthetics's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Swasti Vinayaka Synthetics's Momentum Rank falls into.

Swasti Vinayaka Synthetics Momentum Rank Related Terms

Thank you for viewing the detailed overview of Swasti Vinayaka Synthetics's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Swasti Vinayaka Synthetics (BOM:510245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Swasti Vinayaka Synthetics Ltd (BOM:510245) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

J.R. Boricha Marg, 306, Tantia Jogani Industrial Estate, Next to Lodha Bellissimo, Lower Parel, Mumbai, MH, IND, 400 011

Website

http://www.swastivinayaka.com

Swasti Vinayaka Synthetics Ltd is a manufacturer of suiting, shirting, and apparels including cotton, cotton-blended, and linen designer shirting. The company has weaving facilities that comprise Somet Super Excel Looms, yarn doublers, and stitching facilities at its plants located at Tarapur and Palghar in Maharashtra. Its products are sold directly to retail chains, the readymade garment sector, garment exporters, and corporate houses. The company supplies salwar kameez and tunics and designs bridal and formal ethnic wear for its boutique. Its shirting fabrics comprising of cotton, linen, lycra, polyester, viscose, and their blends.

Swasti Vinayaka Synthetics (BOM:510245) Headlines

No Headlines