Impex Ferro Tech (BOM:532614) Momentum Rank : 4 (As of May. 26, 2024)

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What is Impex Ferro Tech Momentum Rank?

Impex Ferro Tech has the Momentum Rank of 4.

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 Impex Ferro Tech's Momentum Rank

For the Other Industrial Metals & Mining subindustry, Impex Ferro Tech'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.

Impex Ferro Tech's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Impex Ferro Tech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Impex Ferro Tech's Momentum Rank falls into.

Impex Ferro Tech Momentum Rank Related Terms

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Impex Ferro Tech (BOM:532614) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Impex Ferro Tech Ltd (BOM:532614) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IMPEXFERRO:India

Address

132A, S. P. Mukherjee Road, SKP House, Kolkatta, WB, IND, 700026

Website

https://www.impexferrotech.com

Impex Ferro Tech Ltd is an Indian firm engaged in the business line of manufacturing Ferro Alloys (ferro manganese / silico manganese) and trading in iron and steel products. Its products include silico manganese, high-carbon ferro manganese, and medium-carbon ferro manganese. The company operates in a single segment called Ferro Alloys.

Impex Ferro Tech (BOM:532614) Headlines

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