Priti International (NSE:PRITI) Momentum Rank : 2 (As of Jun. 06, 2024)

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What is Priti International Momentum Rank?

Priti International 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 Priti International's Momentum Rank

For the Furnishings, Fixtures & Appliances subindustry, Priti International'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.

Priti International's Momentum Rank Distribution in the Furnishings, Fixtures & Appliances Industry

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

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

Priti International Momentum Rank Related Terms

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Priti International (NSE:PRITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Priti International Ltd (NSE:PRITI) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

1, Basement, Abhay Chambers Opposite SBI Bank, Jalori Gate, Jodhpur, RJ, IND, 342001

Website

https://www.pritiinternationalltd.com

Priti International Ltd is engaged in the manufacturing and exporting of handicraft products. It offers a wide range of products including solid wood and metal furniture articles, home furnishing items, creative wooden and metal articles for various uses, textile-based products like cushions, pillow covers, rugs and carpets, handbags, travel bags and backpacks, and pet products. The company's operating segment includes Wooden and Iron Handicraft and Textile Handicraft. It generates maximum revenue from the Wooden and Iron Handicraft segment.

Priti International (NSE:PRITI) Headlines

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