Voith Paper Fabrics India (BOM:522122) Momentum Rank : 10 (As of Jun. 05, 2024)

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What is Voith Paper Fabrics India Momentum Rank?

Voith Paper Fabrics India 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 Voith Paper Fabrics India's Momentum Rank

For the Paper & Paper Products subindustry, Voith Paper Fabrics India'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.

Voith Paper Fabrics India's Momentum Rank Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Voith Paper Fabrics India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Voith Paper Fabrics India's Momentum Rank falls into.

Voith Paper Fabrics India Momentum Rank Related Terms

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Voith Paper Fabrics India (BOM:522122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Voith Paper Fabrics India Ltd (BOM:522122) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

113/114A, Sector-24, Delhi NCR, Faridabad, HR, IND, 121005

Website

http://www.voithpaperfabricsindia.com

Voith Paper Fabrics India Ltd manufactures various range of paper machine clothing. The company's products include Forming fabrics, Press Fabric, Dryer Fabric, Fiber Cement and Roll Covers. Its primary business is supplying the paper industry with technologically sophisticated products called paper machine clothing. Paper machine clothing is used to produce all grades of paper from lightweight tissue to heavyweight containerboard. The company is located at one of the established industrial townships of northern India serving customers both in India and abroad.

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