Agio Paper & Industries (BOM:516020) Momentum Rank : 1 (As of May. 14, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Agio Paper & Industries Momentum Rank?

Agio Paper & Industries has the Momentum Rank of 1.

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 Agio Paper & Industries's Momentum Rank

For the Paper & Paper Products subindustry, Agio Paper & Industries'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.

Agio Paper & Industries's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Agio Paper & Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Agio Paper & Industries's Momentum Rank falls into.

Agio Paper & Industries Momentum Rank Related Terms

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

Agio Paper & Industries (BOM:516020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Agio Paper & Industries Ltd (BOM:516020) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

41 A, AJC Bose Road, Suite No. 505, Diamond Prestige, Kolkata, WB, IND, 700071

Website

https://www.agiopaper.com

Agio Paper & Industries Ltd manufactures and sells writing and printing paper in India. The company's paper products are used in various applications, such as printing books, textbooks, brochures, and pamphlets, as well as notebooks, and office and computer stationery. The company sells its products through a distributor network in the states of India.

Agio Paper & Industries (BOM:516020) Headlines

No Headlines