Jai Mata Glass (BOM:523467) Momentum Rank : 4 (As of May. 25, 2024)

View and export this data going back to 1992. Start your Free Trial

What is Jai Mata Glass Momentum Rank?

Jai Mata Glass has the Momentum Rank of 4.

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 Jai Mata Glass's Momentum Rank

For the Building Products & Equipment subindustry, Jai Mata Glass'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.

Jai Mata Glass's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Jai Mata Glass's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jai Mata Glass's Momentum Rank falls into.

Jai Mata Glass Momentum Rank Related Terms

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

Jai Mata Glass (BOM:523467) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jai Mata Glass Ltd (BOM:523467) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor, Property No. 2, Khasra No. 619/4, 619/7, Gopala Building, Opposite Tivoli Garden, Chattarpur, New Delhi, IND, 110074

Website

https://www.jaimataglass.com

Jai Mata Glass Ltd is a company that operates in the glass business. The business activity of the group includes manufacturing rolled, figured and wired glass also called pattern/ornamental glass. Its products include The-K Series glass, Elegant Frosted Glass, and Patterned Glass.

Jai Mata Glass (BOM:523467) Headlines

No Headlines