NRB Industrial Bearings (BOM:535458) Momentum Rank : 8 (As of May. 28, 2024)

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What is NRB Industrial Bearings Momentum Rank?

NRB Industrial Bearings 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 NRB Industrial Bearings's Momentum Rank

For the Tools & Accessories subindustry, NRB Industrial Bearings'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.

NRB Industrial Bearings's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, NRB Industrial Bearings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where NRB Industrial Bearings's Momentum Rank falls into.

NRB Industrial Bearings Momentum Rank Related Terms

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NRB Industrial Bearings (BOM:535458) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » NRB Industrial Bearings Ltd (BOM:535458) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NIBL:India

Address

Number. 15, Sir Phirozshah Mehta Road, Dhannur building, 2nd Floor, Fort, Mumbai, MH, IND, 400 001

Website

https://www.nrbindustrialbearings.com

NRB Industrial Bearings Ltd is engaged in the business of manufacturing and selling all types of industrial bearings. The company operates in one business segment which is Industrial Bearings. The product line of the company consists of Cam followers, Bottom ring bearings, Wide inner ring Ball bearings, Housed units, Cylindrical roller bearings, Spherical roller bearings, and Deep groove ball bearings. The Ball and roller bearings segment of the company generates maximum revenue. The group has a business presence in India and Outside India, of which prime income is generated within India.

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