Kachchh Minerals (BOM:531778) Momentum Rank : 1 (As of May. 28, 2024)

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What is Kachchh Minerals Momentum Rank?

Kachchh Minerals 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 Kachchh Minerals's Momentum Rank

For the Building Materials subindustry, Kachchh Minerals'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.

Kachchh Minerals's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Kachchh Minerals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kachchh Minerals's Momentum Rank falls into.

Kachchh Minerals Momentum Rank Related Terms

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Kachchh Minerals (BOM:531778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Kachchh Minerals Ltd (BOM:531778) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

98 Princess Street, 22, Mansur Building, 1st Floor, Mumbai, MH, IND, 400002

Website

http://www.kachchhminerals.com

Kachchh Minerals Ltd is engaged in Mineral material business activities. It is also involved exploring China Clay, Silica Sand, and Mineral raw material. The company products are bifurcated namely in three categories Bentonite, Organoclay, and Cat litter. The company is engaged in Single Segment which Minerals Industry.

Kachchh Minerals (BOM:531778) Headlines

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