Andhra Sugars (BOM:590062) Momentum Rank : 4 (As of Jun. 08, 2024)

View and export this data going back to 2006. Start your Free Trial

What is Andhra Sugars Momentum Rank?

Andhra Sugars 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 Andhra Sugars's Momentum Rank

For the Chemicals subindustry, Andhra Sugars'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.

Andhra Sugars's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Andhra Sugars's Momentum Rank distribution charts can be found below:

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

Andhra Sugars Momentum Rank Related Terms

Thank you for viewing the detailed overview of Andhra Sugars's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Andhra Sugars (BOM:590062) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Andhra Sugars Ltd (BOM:590062) » Definitions » Momentum Rank

Traded in Other Exchanges

ANDHRSUGAR:India

Address

Venkatarayapuram, West Godavari District, Tanuku, AP, IND, 534215

Website

https://www.theandhrasugars.com

Andhra Sugars Ltd is engaged in the manufacturing and sale of sugar and caustic soda. It operates through Sugars, Chlor Alkali, Power Generation, Industrial Chemical, and Others segments. The firm provides Fertilizers, Bulk drugs, Caustic potash, Caustic soda, Ethanol, Hydrochloric acid, Hydrogen gas, Liquid chlorine, Poly aluminum chloride, Potassium carbonate, Industrial Alcohol, Sodium hypochlorite, Sulphuric acid, and others. The group operates in the Indian market.

Andhra Sugars (BOM:590062) Headlines

No Headlines