Gujarat Craft Industries (BOM:526965) Momentum Rank : 10 (As of May. 21, 2024)

View and export this data going back to 2001. Start your Free Trial

What is Gujarat Craft Industries Momentum Rank?

Gujarat Craft Industries has the Momentum Rank of 10.

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 Gujarat Craft Industries's Momentum Rank

For the Packaging & Containers subindustry, Gujarat Craft 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.

Gujarat Craft Industries's Momentum Rank Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Gujarat Craft Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gujarat Craft Industries's Momentum Rank falls into.

Gujarat Craft Industries Momentum Rank Related Terms

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

Gujarat Craft Industries (BOM:526965) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Gujarat Craft Industries Ltd (BOM:526965) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No 431, Santej - Vadsar Road, Village Santej, Taluka Kalol, Gandhinagar, GJ, IND, 382721

Website

https://www.gujaratcraft.com

Gujarat Craft Industries Ltd operates in the packaging industry. The company is principally engaged in the manufacturing of tarpaulin, fabric, and sacks. Its product portfolio comprises NFI bag, FIBC bags, HDPE woven pipes, vermi beds, woven sacks, GEOMEMBRANE, Plastic sheet, jumbo bags and other products.

Gujarat Craft Industries (BOM:526965) Headlines

No Headlines