Aartech Solonics (BOM:542580) Momentum Rank : 9 (As of May. 23, 2024)

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What is Aartech Solonics Momentum Rank?

Aartech Solonics has the Momentum Rank of 9.

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 Aartech Solonics's Momentum Rank

For the Electrical Equipment & Parts subindustry, Aartech Solonics'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.

Aartech Solonics's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Aartech Solonics's Momentum Rank falls into.

Aartech Solonics Momentum Rank Related Terms

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Aartech Solonics (BOM:542580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Aartech Solonics Ltd (BOM:542580) » Definitions » Momentum Rank

Traded in Other Exchanges

AARTECH:India

Address

E-2/57, Ashirvad, Arera Colony, Bhopal, MP, IND, 462016

Website

https://www.aartechsolonics.com

Aartech Solonics Ltd is a system solution-oriented research and development enterprise in the field of specialized and selected energy appliances. The company is involved in the manufacturing of electricity distribution and control apparatus such as switches, fuses, voltage limiters, surge suppressors, junction boxes and others for a voltage exceeding 1000 volts; similar apparatus including relays, sockets and others for a voltage not exceeding 1000 volts; boards, panels, consoles, cabinets and other bases equipped with two or more of the above apparatus for electricity control or distribution of electricity including power capacitors. It serves Renewable Energy; Power; Heavy Engineering; Defense and Exploration; Helth Care; Information Technology and Telecom; and other industries.

Aartech Solonics (BOM:542580) Headlines

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