Sika Interplant Systems (BOM:523606) Momentum Rank : 1 (As of Jun. 06, 2024)

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What is Sika Interplant Systems Momentum Rank?

Sika Interplant Systems 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 Sika Interplant Systems's Momentum Rank

For the Aerospace & Defense subindustry, Sika Interplant Systems'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.

Sika Interplant Systems's Momentum Rank Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Sika Interplant Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Sika Interplant Systems's Momentum Rank falls into.

Sika Interplant Systems Momentum Rank Related Terms

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Sika Interplant Systems (BOM:523606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Sika Interplant Systems Ltd (BOM:523606) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Gangadharchetty Road, Bengaluru, KA, IND, 560 042

Website

https://www.sikaglobal.com

Sika Interplant Systems Ltd is engaged in the business of manufacturing and rendering of services in engineering products, engineering projects/systems, and services. It is actively involved in four main areas, namely, engineering (design and development); manufacturing, assembly and testing; projects and systems integration; and maintenance, repair and overhaul. The majority of the company's business is catered to serving the Aerospace, Defence & Space (AD&S) and Automotive sectors.

Sika Interplant Systems (BOM:523606) Headlines

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