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R R Kabel (BOM:543981) Momentum Rank : 0 (As of May. 22, 2024)


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What is R R Kabel Momentum Rank?

R R Kabel 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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R R Kabel (BOM:543981) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » R R Kabel Ltd (BOM:543981) » Definitions » Momentum Rank
Comparable Companies
NSE:FINCABLES BOM:532953 BOM:532259 BOM:500008 BOM:509488 BOM:517569 BOM:517271 BOM:534139 BOM:509631 BOM:530343 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 VRT HUBB XKRX:247540
Traded in Other Exchanges
RRKABEL:India
Address
Bhailal Amin Marg, Ground Floor, Alembic Business Park (West), Gorwa, Vadodara, GJ, IND, 390 003
Website
https://www.rrkabel.com
R R Kabel Ltd is mainly engaged in the manufacturing of PVC insulated wires and cables, power cables and special cables. The Company has five manufacturing sites in India. It sells products across two broad segments: (i) wires and cables including house wires, industrial wires, power cables and special cables; and (ii) FMEG including fans, lighting, switches and appliances.

R R Kabel (BOM:543981) Headlines

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