Welspun Living (BOM:514162) Momentum Rank : 10 (As of Jun. 03, 2024)

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What is Welspun Living Momentum Rank?

Welspun Living 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 Welspun Living's Momentum Rank

For the Textile Manufacturing subindustry, Welspun Living'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.

Welspun Living's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Welspun Living's Momentum Rank falls into.

Welspun Living Momentum Rank Related Terms

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Welspun Living (BOM:514162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Welspun Living Ltd (BOM:514162) » Definitions » Momentum Rank

Traded in Other Exchanges

WELSPUNLIV:India

Address

Senapati Bapat Marg, Welspun House, 6th Floor, Kamala Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.welspunindia.com

Welspun Living Ltd Formerly Welspun India Ltd is an India-based company that makes and sells home textiles. The company's products consist of towels, bath robes, bath rugs and mats, area rugs, carpets, bed sheets, utility bedding, and fashion bedding. The company owns several brands, including Christy, Spaces, Welhome, and Others. The company has a worldwide distribution network, with the United States, the United Kingdom, and Europe being the major markets. The company also has presence in emerging markets, like India, the Middle East, and China.

Welspun Living (BOM:514162) Headlines

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