Kiri Industries (BOM:532967) Momentum Rank : 8 (As of May. 29, 2024)

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What is Kiri Industries Momentum Rank?

Kiri Industries 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 Kiri Industries's Momentum Rank

For the Specialty Chemicals subindustry, Kiri 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.

Kiri Industries's Momentum Rank Distribution in the Chemicals Industry

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

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

Kiri Industries Momentum Rank Related Terms

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Kiri Industries (BOM:532967) Business Description

Industry

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KIRIINDUS:India

Address

Hasubhai Chambers, 7th Floor, Opposite Town Hall, Ellisbridge, Ahmedabad, GJ, IND, 380 006

Website

https://www.kiriindustries.com

Kiri Industries Ltd is a company, which manufactures and exports a wide range of dyes, intermediates, and chemicals. It provides products and services across the whole value chain in numerous industrial sectors such as apparel, hosiery, automotive, carpets, leather, home upholstery, industrial fabrics, and others. Its dye products include reactive dyes, acid, and direct dyes. The intermediates section includes sulpho j.acid, sulpho tobias acid, pntosa, and sulpho gama acid. Kiri has a business presence in both the Indian and international markets, of which the majority of the revenue is generated from India.

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