JK Lakshmi Cement (NSE:JKLAKSHMI) Momentum Rank : 4 (As of May. 14, 2024)

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What is JK Lakshmi Cement Momentum Rank?

JK Lakshmi Cement 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 JK Lakshmi Cement's Momentum Rank

For the Building Materials subindustry, JK Lakshmi Cement'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.

JK Lakshmi Cement's Momentum Rank Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, JK Lakshmi Cement's Momentum Rank distribution charts can be found below:

* The bar in red indicates where JK Lakshmi Cement's Momentum Rank falls into.

JK Lakshmi Cement Momentum Rank Related Terms

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JK Lakshmi Cement (NSE:JKLAKSHMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » JK Lakshmi Cement Ltd (NSE:JKLAKSHMI) » Definitions » Momentum Rank

Traded in Other Exchanges

500380:India

Address

4, Bahadur Shah Zafar Marg, Nehru House, New Delhi, IND, 110002

Website

https://www.jklakshmicement.com

JK Lakshmi Cement Ltd is a building materials holdings company. The company manufacturers multiple types of cement and cement-related products. JK Lakshmi also manufactures Plaster of Paris (POP), autoclavet aerated concrete block, and JK Lakshmi Pro+, the firm's flagship cement product. JK Lakshmi also produces three various types of concrete, including two types of common grey cement, labeled 53 Grade ordinary Portland cement (OPC) and 43 Grade OPC. The third type is Portland Pozzolana Cement (PPC) (Blended), which is created to prevent cracking. The company generates the vast majority of its revenue in India.

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