Synthiko Foils (BOM:513307) Momentum Rank : 4 (As of May. 21, 2024)

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What is Synthiko Foils Momentum Rank?

Synthiko Foils 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 Synthiko Foils's Momentum Rank

For the Aluminum subindustry, Synthiko Foils'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.

Synthiko Foils's Momentum Rank Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Synthiko Foils's Momentum Rank falls into.

Synthiko Foils Momentum Rank Related Terms

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Synthiko Foils (BOM:513307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Synthiko Foils Ltd (BOM:513307) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

84/1, 84/2, Jamsar Road, District Thane, Jawhar, Palghar, MH, IND, 401603

Website

https://www.synthikofoilsltd.com

Synthiko Foils Ltd is a manufacturer, supplier, and exporter of aluminum packaging foils in India. Its products include aluminum foils, lidding foil, and three-ply laminates, blister foil, printed and laminated aluminum foil, and aluminum foil lids.

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