Elegant Marbles & Grani Industries (BOM:526705) Momentum Rank : 9 (As of Jun. 05, 2024)

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What is Elegant Marbles & Grani Industries Momentum Rank?

Elegant Marbles & Grani Industries has the Momentum Rank of 9.

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 Elegant Marbles & Grani Industries's Momentum Rank

For the Building Products & Equipment subindustry, Elegant Marbles & Grani Industries'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.

Elegant Marbles & Grani Industries's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Elegant Marbles & Grani Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Elegant Marbles & Grani Industries's Momentum Rank falls into.

Elegant Marbles & Grani Industries Momentum Rank Related Terms

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Elegant Marbles & Grani Industries (BOM:526705) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Elegant Marbles & Grani Industries Ltd (BOM:526705) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Raghuvanshi Mills Compound, Elegant House, Lower Parel (West), Mumbai, IND, 400 013

Website

https://www.elegantmarbles.com

Elegant Marbles & Grani Industries Ltd is a manufacturer, exporter, and importer of Indian and imported granites and marbles. The company manufactures and deals only in one segment that is Marbles and Granites and allied products. The company's offerings in Marbles and Stones include Engineered Marbles, Marbles, Stone, Travertine, and Granite. Its offerings in Tiles include Versace, Cisa, Brixmosaic, Paricimosaic, Alfalux, Asian Tiles, Caesar, Ceramica Magica, Edilcoughi, Gardenia Orchedia, Italian Mosaics, Matheos Stone, Piemme Ceramics, Porcelaingres, and Sichenia. Its offerings in Di Lusso include Ambient, Damasc, Fascia, Marmo Collage, Mile De Fave and Sedimento. Its offerings in Gemstone include Agate, Amethyst, Aventurine, Pyrite, Quartz and Tiger Eye.

Elegant Marbles & Grani Industries (BOM:526705) Headlines

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