Deccan Polypacks (BOM:531989) Momentum Rank : 8 (As of May. 21, 2024)

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What is Deccan Polypacks Momentum Rank?

Deccan Polypacks has the Momentum Rank of 8.

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 Deccan Polypacks's Momentum Rank

For the Packaging & Containers subindustry, Deccan Polypacks'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.

Deccan Polypacks's Momentum Rank Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Deccan Polypacks's Momentum Rank falls into.

Deccan Polypacks Momentum Rank Related Terms

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Deccan Polypacks (BOM:531989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Deccan Polypacks Ltd (BOM:531989) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. A-40, Road No. 7, IDA Kukatpally, Hyderabad, TG, IND, 500 037

Website

http://www.deccanpolypacks.com

Deccan Polypacks Ltd is an India-based company engaged in the manufacturing of High-density polyethylene, Polypropylene Woven sacks, fabric, film covers, High molecular high-density Polyethylene and Low-density polyethylene bags, which is alternate packing medium in comparison with jute or paper bags. These bags are preferred by cement and fertilizer companies. Also, the woven sacks are used for packing composite manure, food grains, chemicals and poultry products in the domestic markets.

Deccan Polypacks (BOM:531989) Headlines

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