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Sapphire Foods India (BOM:543397) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Sapphire Foods India Momentum Rank?

Sapphire Foods India has the Momentum Rank of 0.

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.

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Sapphire Foods India (BOM:543397) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Sapphire Foods India Ltd (BOM:543397) » Definitions » Momentum Rank
Comparable Companies
BOM:543248 BOM:505533 BOM:543283 NSE:COFFEEDAY BOM:534425 NSE:DANGEE BOM:539659 BOM:539273 BOM:543330 NSE:JUBLFOOD MCD SBUX CMG LSE:CPG YUM TSX:QSP.UN TSX:QSR YUMC DRI HKSE:06862
Traded in Other Exchanges
SAPPHIRE:India
Address
Mindspace, Link Road, 702, Prism Tower, A Wing, Goregaon (West), Mumbai, MH, IND, 400 062
Website
https://www.sapphirefoods.in
Sapphire Foods India Ltd is the largest franchisee of Yum! Brands in the Indian subcontinent, with a track record of successfully operating more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives. Its business activity primarily falls within a single business and geographical segment which is Food and Beverages.

Sapphire Foods India (BOM:543397) Headlines

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