Super Tannery (BOM:523842) Momentum Rank : 2 (As of Jun. 05, 2024)

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What is Super Tannery Momentum Rank?

Super Tannery has the Momentum Rank of 2.

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 Super Tannery's Momentum Rank

For the Footwear & Accessories subindustry, Super Tannery'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.

Super Tannery's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Super Tannery's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Super Tannery's Momentum Rank falls into.

Super Tannery Momentum Rank Related Terms

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Super Tannery (BOM:523842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Super Tannery Ltd (BOM:523842) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

187/170, Jajmau Road, Kanpur, UP, IND, 208010

Website

https://www.supertannery.com

Super Tannery Ltd is an India-based leather manufacturing company. It is a Buffalo leather tannery, supplying a chain of leather and allied products in markets. It manufactures leather for automotive and furniture upholstery, Safety and lifestyle footwear, Bags, Belts, Sporting goods, and Equestrian equipment. The company operates in India and internationally. It generates the majority of its revenue from its sale of leather products in export markets, which comprises mostly finished leather products.

Super Tannery (BOM:523842) Headlines

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