Debock Industries (NSE:DIL) Momentum Rank : 2 (As of May. 28, 2024)

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What is Debock Industries Momentum Rank?

Debock Industries has the Momentum Rank of 2.

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 Debock Industries's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Debock Industries'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.

Debock Industries's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Debock Industries's Momentum Rank distribution charts can be found below:

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

Debock Industries Momentum Rank Related Terms

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Debock Industries (NSE:DIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Debock Industries Ltd (NSE:DIL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

51, Lohiya Colony, 200ft Bye Pass, Vaishali Nagar, Jaipur, RJ, IND, 302021

Website

http://www.debockgroup.com

Debock Industries Ltd manufacturer and suppliers of range of agricultural equipment mainly Tractor Trolley, Agricultural Thresher, Mould Board Ploughs, Mounted Disc Ploughs, Tillers, Tanker, Combine Machine, Seed Drill Machine, Mounted Disc Harrows, Tractor Cultivators, Chaff Cutters etc. The Company is also engaged in the hospitality services.

Debock Industries (NSE:DIL) Headlines

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