Borosil (BOM:543212) Momentum Rank : 4 (As of Jun. 06, 2024)

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What is Borosil Momentum Rank?

Borosil has the Momentum Rank of 4.

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 Borosil's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Borosil'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.

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

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

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

Borosil Momentum Rank Related Terms

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Borosil (BOM:543212) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Borosil Ltd (BOM:543212) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BOROLTD:India

Address

1101, Crescenzo, G-Block, Plot No C-38, Opposite MCA Club, 11th Floor, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.borosil.com

Borosil Ltd is a consumer glassware company. The company is engaged in the manufacturing and trading of consumer-ware tableware items. Its business segments include Consumerware comprising of manufacturing and trading of items for domestic use. Scientificware comprises of manufacturing and trading of items used in laboratories, scientific ware, and pharmaceutical packaging. Investments comprising Investment activities. Geographically, the firm generates a majority of its revenue from India.

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