Mahalaxmi Rubtech (BOM:514450) Momentum Rank : 7 (As of May. 04, 2024)

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What is Mahalaxmi Rubtech Momentum Rank?

Mahalaxmi Rubtech has the Momentum Rank of 7.

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 Mahalaxmi Rubtech's Momentum Rank

For the Textile Manufacturing subindustry, Mahalaxmi Rubtech'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.

Mahalaxmi Rubtech's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Mahalaxmi Rubtech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mahalaxmi Rubtech's Momentum Rank falls into.

Mahalaxmi Rubtech Momentum Rank Related Terms

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Mahalaxmi Rubtech (BOM:514450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mahalaxmi Rubtech Ltd (BOM:514450) » Definitions » Momentum Rank

Traded in Other Exchanges

MHLXMIRU:India

Address

Polytechnic Road, Mahalaxmi House, YSL Avenue, Opposite Ketav Petrol Pump, Ambavadi, Ahmedabad, GJ, IND, 380015

Website

https://www.mrtglobal.com

Mahalaxmi Rubtech Ltd is an Indian textile manufacturing company. The company has structured its operations into the following business segments - Rubber and Technical textiles Products, and Textile Products. The company's product portfolio comprises; printing blankets, textile printing blankets, rubber-coated fabrics, hydraulic seals, air cells, and technical textiles. The majority of the revenue accrues from the Textile products segment.

Mahalaxmi Rubtech (BOM:514450) Headlines

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