Pondy Oxides And Chemicals (BOM:532626) Momentum Rank : 6 (As of May. 26, 2024)

View and export this data going back to 2005. Start your Free Trial

What is Pondy Oxides And Chemicals Momentum Rank?

Pondy Oxides And Chemicals has the Momentum Rank of 6.

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 Pondy Oxides And Chemicals's Momentum Rank

For the Specialty Chemicals subindustry, Pondy Oxides And Chemicals'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.

Pondy Oxides And Chemicals's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Pondy Oxides And Chemicals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pondy Oxides And Chemicals's Momentum Rank falls into.

Pondy Oxides And Chemicals Momentum Rank Related Terms

Thank you for viewing the detailed overview of Pondy Oxides And Chemicals's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Pondy Oxides And Chemicals (BOM:532626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Pondy Oxides And Chemicals Ltd (BOM:532626) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Harrington Road, KRM Centre, 4th Floor, Chetpet, Chennai, TN, IND, 600031

Website

https://www.pocl.co.in

Pondy Oxides And Chemicals Ltd is a lead smelter in India. It is engaged in the production of lead, lead alloys, and PVC additives. The company mainly serves battery manufacturers, chemical manufacturers, and PVC extruded manufacturers. Its products comprise lead alloys, Master alloys, Tin alloys, and Babbit alloys. The firm also exports its products to numerous international customers mainly but not limited to the Asian region like South Korea, Japan, Indonesia, and the Middle East. The company also manufactures Zinc metal and Zinc Oxide.

Pondy Oxides And Chemicals (BOM:532626) Headlines

No Headlines