Greenlam Industries (BOM:538979) Momentum Rank : 8 (As of Jun. 05, 2024)

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What is Greenlam Industries Momentum Rank?

Greenlam 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 Greenlam Industries's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Greenlam 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.

Greenlam Industries's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Greenlam Industries's Momentum Rank distribution charts can be found below:

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

Greenlam Industries Momentum Rank Related Terms

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Greenlam Industries (BOM:538979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Greenlam Industries Ltd (BOM:538979) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GREENLAM:India

Address

Worldmark 1, Aerocity, 203, 2nd Floor. West Wing, IGI Airport Hospitality District, New Delhi, IND, 110 037

Website

https://www.greenlamindustries.com

Greenlam Industries Ltd manufactures laminate flooring. The company manufactures and sells laminates, decorative veneers, and their allied products which are used for homes, kitchens, offices and other premises. Its business activity includes work of Laminates, compact laminates, decorative veneers, engineered wood flooring, engineered door sets and door leaf and other allied products through its wholesale and retail network. The firm offers its products under the Greenlam, New Mika, Decowood, Mikasa Floors, and Mikasa Doors and Frames brand names. The operating segments of the company are Laminate and allied products and Veneer and allied products. Geographically, the group has a business presence in India and Outside India, of which a majority of its revenue is derived within India.

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