Star Delta Transformers (BOM:539255) Momentum Rank : 1 (As of May. 23, 2024)

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What is Star Delta Transformers Momentum Rank?

Star Delta Transformers 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 Star Delta Transformers's Momentum Rank

For the Specialty Industrial Machinery subindustry, Star Delta Transformers'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.

Star Delta Transformers's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Star Delta Transformers's Momentum Rank falls into.

Star Delta Transformers Momentum Rank Related Terms

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Star Delta Transformers (BOM:539255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Star Delta Transformers Ltd (BOM:539255) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

92-A, Industrial Area, Govindpura, Bhopal, MP, IND, 462023

Website

https://www.stardeltatransformers.com

Star Delta Transformers Ltd is an India-based company engaged in Manufacturing and Solar business segments. The Manufacturing segment offers a range of distribution and power transformers varying from Single Phase Transformers, 3 phase Transformers, Power Transformers, Extra High Voltage Transformers, Solar/Wind Transformers, and Special Purpose Transformers. The Solar segment includes the generation of power from solar plants.

Star Delta Transformers (BOM:539255) Headlines

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