Crompton Greaves Consumer Electricals (NSE:CROMPTON) Momentum Rank : 7 (As of May. 31, 2024)

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What is Crompton Greaves Consumer Electricals Momentum Rank?

Crompton Greaves Consumer Electricals has the Momentum Rank of 7.

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 Crompton Greaves Consumer Electricals's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Crompton Greaves Consumer Electricals'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.

Crompton Greaves Consumer Electricals's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Crompton Greaves Consumer Electricals's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Crompton Greaves Consumer Electricals's Momentum Rank falls into.

Crompton Greaves Consumer Electricals Momentum Rank Related Terms

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Crompton Greaves Consumer Electricals (NSE:CROMPTON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Crompton Greaves Consumer Electricals Ltd (NSE:CROMPTON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

539876:India

Address

Equinox Business Park, Lal Bahadur Shastri Marg, Tower 3, 1st Floor, East Wing, Kurla (West), Mumbai, MH, IND, 400 070

Website

https://www.crompton.co.in

Crompton Greaves Consumer Electricals Ltd manufactures and markets consumer products in India. Its operating segments are Electric Consumer Durables; Lighting Products and Butterfly. The company offers fans comprising ceiling, table, pedestal, wall-mounted, domestic exhaust, special, and personal fans; professional LED and conventional lighting, solar, and lighting automation products, as well as lamps and consumer luminaires; and surface and submersible pumps, pumping systems, and accessories. The company operates predominantly in the domestic market, in India.

Crompton Greaves Consumer Electricals (NSE:CROMPTON) Headlines

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