Simplex Castings (BOM:513472) Momentum Rank : 3 (As of May. 28, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Simplex Castings Momentum Rank?

Simplex Castings has the Momentum Rank of 3.

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 Simplex Castings's Momentum Rank

For the Metal Fabrication subindustry, Simplex Castings'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.

Simplex Castings's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Simplex Castings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Simplex Castings's Momentum Rank falls into.

Simplex Castings Momentum Rank Related Terms

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

Simplex Castings (BOM:513472) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Simplex Castings Ltd (BOM:513472) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

G.E. Road, Plot No. 32, Shivnath Complex, Supela, Durg District, Bhilai, CT, IND, 490023

Website

https://www.simplexcastings.com

Simplex Castings Ltd is an India-based company operating in the steel castings industry. It manufactures and sells iron cast equipment, fabricated equipment, steel, SG iron, special alloy cast equipment, forging quality ingots, and other related products. It has only one reportable segment which is Manufacturing of SG lron, Steel, Special Alloy Castings, C.l. Castings and Equipments. The company serves various industrial sectors like steel, railways, power, mining, cement, sugar, chemicals, earthmovers, machine tools, shipbuilding, oil and gas, and defense. Also, the firm offers work contract services. Some of its products include Coke Oven Doors & Assemblies, Sinter & Pallet Cars, Railway bogies, and Mould. The group sells its products in India and also exports internationally.

Simplex Castings (BOM:513472) Headlines

No Headlines