MSR India (BOM:508922) Momentum Rank : 2 (As of May. 26, 2024)

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What is MSR India Momentum Rank?

MSR India 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 MSR India's Momentum Rank

For the Copper subindustry, MSR India'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.

MSR India's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, MSR India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where MSR India's Momentum Rank falls into.

MSR India Momentum Rank Related Terms

Thank you for viewing the detailed overview of MSR India's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

MSR India (BOM:508922) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » MSR India Ltd (BOM:508922) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Survey No.36, Bowrampet Village, Quthubullapur Mandal, Ranga Reddy District, Hyderabad, TG, IND, 500043

Website

http://www.msrindia.in

MSR India Ltd is engaged in the business of manufacturing and sale of Copper Bottles, vermicelli, Atta, and special-purpose components for ISRO. It manufactures copper bottles for drinking water in various shapes and sizes. Its product offerings comprise copper Strips, OFHC copper rods, copper wire, stamping parts, Power press components, extrusion components. Its segment comprises Copper products and FMCG. The company generates maximum revenue from the Copper products segment.

MSR India (BOM:508922) Headlines

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