KEI Industries (BOM:517569) Momentum Rank : 10 (As of May. 24, 2024)

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What is KEI Industries Momentum Rank?

KEI Industries 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 KEI Industries's Momentum Rank

For the Electrical Equipment & Parts subindustry, KEI 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.

KEI Industries's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where KEI Industries's Momentum Rank falls into.

KEI Industries Momentum Rank Related Terms

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KEI Industries (BOM:517569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KEI Industries Ltd (BOM:517569) » Definitions » Momentum Rank

Traded in Other Exchanges

KEI:India

Address

D-90, Okhla Industrial Area, Phase-I, New Delhi, IND, 110 020

Website

https://www.kei-ind.com

KEI Industries Ltd is engaged in the manufacture and supply of power and other industrial cables. Its segments include the Wires and Cables Segment, Stainless Steel Wires Segment, Turnkey Projects/Engineering, Procurement and Construction (EPC) Projects Segment. The company generates maximum revenue from the Wires and Cables segment. Its Wires and Cables segment consists of extra high voltage (EHV), high tension (HT), and low tension (LT) power cables, control and instrumentation cables, winding wires, and flexible and house wires.

KEI Industries (BOM:517569) Headlines

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