Mrs Bectors Food Specialities (BOM:543253) Momentum Rank : 10 (As of May. 15, 2024)

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What is Mrs Bectors Food Specialities Momentum Rank?

Mrs Bectors Food Specialities has the Momentum Rank of 10.

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 Mrs Bectors Food Specialities's Momentum Rank

For the Packaged Foods subindustry, Mrs Bectors Food Specialities'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.

Mrs Bectors Food Specialities's Momentum Rank Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Mrs Bectors Food Specialities's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mrs Bectors Food Specialities's Momentum Rank falls into.

Mrs Bectors Food Specialities Momentum Rank Related Terms

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Mrs Bectors Food Specialities (BOM:543253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mrs Bectors Food Specialities Ltd (BOM:543253) » Definitions » Momentum Rank

Traded in Other Exchanges

BECTORFOOD:India

Address

First Floor, Unit No. 22-27, Sector 61, Emaar Digital Greens - Tower A, Gurugram, HR, IND, 122102

Website

https://www.cremica.in

Mrs Bectors Food Specialities Ltd is a manufacturer and supplier of premium biscuits, breads and bun products. The company's products are sold under the "Mrs. Bector's Cremica' and 'English Oven" brands.

Mrs Bectors Food Specialities (BOM:543253) Headlines

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