R M Drip & Sprinklers Systems (NSE:RMDRIP) Momentum Rank : 3 (As of May. 13, 2024)

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What is R M Drip & Sprinklers Systems Momentum Rank?

R M Drip & Sprinklers Systems has the Momentum Rank of 3.

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 R M Drip & Sprinklers Systems's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, R M Drip & Sprinklers Systems'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.

R M Drip & Sprinklers Systems's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, R M Drip & Sprinklers Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where R M Drip & Sprinklers Systems's Momentum Rank falls into.

R M Drip & Sprinklers Systems Momentum Rank Related Terms

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R M Drip & Sprinklers Systems (NSE:RMDRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » R M Drip & Sprinklers Systems Ltd (NSE:RMDRIP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, MH, IND, 422113

Website

http://www.rmdrip.com

R M Drip & Sprinklers Systems Ltd designs manufacture and sell micro-irrigation equipment. The company's products are Drip Irrigation, Sprinkler Irrigation, Filters, among others. The Company also assists the farmers in designing and installation of its Sprinkler and Drip Irrigations systems according to their needs. The dealer network expands from Maharashtra, Madhya Pradesh, Gujarat, Karnataka and extended its market to Uttar Pradesh, Bihar and Jharkhand.

R M Drip & Sprinklers Systems (NSE:RMDRIP) Headlines

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