Bangalore Fort Farms (BOM:539120) Momentum Rank : 1 (As of Jun. 06, 2024)

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What is Bangalore Fort Farms Momentum Rank?

Bangalore Fort Farms has the Momentum Rank of 1.

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 Bangalore Fort Farms's Momentum Rank

For the Textile Manufacturing subindustry, Bangalore Fort Farms'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.

Bangalore Fort Farms's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bangalore Fort Farms's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bangalore Fort Farms's Momentum Rank falls into.

Bangalore Fort Farms Momentum Rank Related Terms

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Bangalore Fort Farms (BOM:539120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Bangalore Fort Farms Ltd (BOM:539120) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

16A, Brabourne Road, 6th Floor, Kolkata, WB, IND, 700001

Website

https://www.bangalorefortfarms.com

Bangalore Fort Farms Ltd engages in manufacturing and exporting jute products such as jute yarn, jute ropes, among others. The company engages in buying and selling agro products such as fruits, vegetables, and stores them in cold storage facilities for selling the same in the off season in different markets of West Bengal such as Sealdah, Asansol, Bardhaman etc. Its jute products portfolio includes Hand Spun Jute Yarn and Braid Yarn.

Bangalore Fort Farms (BOM:539120) Headlines

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