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Poojawestern Metaliks (BOM:540727) Momentum Rank : 6 (As of May. 30, 2024)


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What is Poojawestern Metaliks Momentum Rank?

Poojawestern Metaliks has the Momentum Rank of 6.

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 Poojawestern Metaliks's Momentum Rank

For the Metal Fabrication subindustry, Poojawestern Metaliks'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.


Poojawestern Metaliks's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Poojawestern Metaliks's Momentum Rank falls into.



Poojawestern Metaliks Momentum Rank Related Terms

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Poojawestern Metaliks (BOM:540727) Business Description

Traded in Other Exchanges
N/A
Address
Plot No. 1, G.I.D.C., Industrial Area, Phase II, Near Dared Village, Jamnagar, GJ, IND, 361 004
Poojawestern Metaliks Ltd is engaged in manufacturing, importing and exporting of non-ferrous metal scrap, brass plumbing fittings, brass ingots, and brass sanitary fittings. Its product categories include Products Brass and Copper Alloys; Pipe Fittings; Brass Inserts For Mouldings; Brass Fittings and CNC VMC Machine Turned Parts. The company brands include P-Alloy; P-Fitt; P-Fix; P-Max; and P-Perfekt.

Poojawestern Metaliks (BOM:540727) Headlines

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