Artson Engineering (BOM:522134) Momentum Rank : 8 (As of May. 12, 2024)

View and export this data going back to 1993. Start your Free Trial

What is Artson Engineering Momentum Rank?

Artson Engineering has the Momentum Rank of 8.

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 Artson Engineering's Momentum Rank

For the Specialty Industrial Machinery subindustry, Artson Engineering'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.

Artson Engineering's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Artson Engineering's Momentum Rank falls into.

Artson Engineering Momentum Rank Related Terms

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

Artson Engineering (BOM:522134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Artson Engineering Ltd (BOM:522134) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prenderghast Road, Ground Floor, Mithona Towers 1-7-80 to 87, Secunderabad, Hyderabad, TG, IND, 500 003

Website

https://www.artson.net

Artson Engineering Ltd is an Indian based company. The company is involved in the manufacturing of structural metal products, and industrial and infrastructure construction projects. Its only operating segment is Supply of fabricated steel structure and site services of mechanical works. The company manufacture Pressure vessels, Buffer Vessels, Columns, Heat exchangers, Stacks, Storage Tanks, LPG/Propane Bullets and others.

Artson Engineering (BOM:522134) Headlines

No Headlines