Bosch (NSE:BOSCHLTD) Momentum Rank : 6 (As of May. 20, 2024)

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What is Bosch Momentum Rank?

Bosch has the Momentum Rank of 6.

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 Bosch's Momentum Rank

For the Auto Parts subindustry, Bosch'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.

Bosch's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Bosch's Momentum Rank distribution charts can be found below:

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

Bosch Momentum Rank Related Terms

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Bosch (NSE:BOSCHLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Bosch Ltd (NSE:BOSCHLTD) » Definitions » Momentum Rank

Traded in Other Exchanges

500530:India

Address

Hosur Road, Post Box No. 3000, Adugodi, Bengaluru, KA, IND, 560030

Website

https://www.bosch.in

Bosch Ltd is a holding company of subsidiaries manufacturing and trading automotive products. It sells car parts such as fuel systems, electrical drives and motors, steering systems, and aftermarket products to the automotive industry. It also offers power tools under the Bosch brand name, packaging systems and technologies, and energy efficiency products. The company operates solely in India, with nearly all of its products sold in its domestic market.

Bosch (NSE:BOSCHLTD) Headlines

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