Hindustan Fluorocarbons (BOM:524013) Momentum Rank : 8 (As of Jun. 03, 2024)

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What is Hindustan Fluorocarbons Momentum Rank?

Hindustan Fluorocarbons has the Momentum Rank of 8.

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 Hindustan Fluorocarbons's Momentum Rank

For the Chemicals subindustry, Hindustan Fluorocarbons'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.

Hindustan Fluorocarbons's Momentum Rank Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Hindustan Fluorocarbons's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hindustan Fluorocarbons's Momentum Rank falls into.

Hindustan Fluorocarbons Momentum Rank Related Terms

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Hindustan Fluorocarbons (BOM:524013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Hindustan Fluorocarbons Ltd (BOM:524013) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Number 303, 3rd Floor, Babukhan Estates Basheerbagh, Hyderabad, TG, IND, 500001

Website

http://www.hfl.co.in

Hindustan Fluorocarbons Ltd is an Indian company engaged in the business of basic and organic chemicals. It manufactures and sells Poly Tetra Fluoro Ethylene (PTFE) and Chloro Di Fluoro Methane (CFM-22). PTFE is used in chemicals, mechanical, electrical and electronic industries and has strategic applications in the defence and aerospace sectors.CFM-22: is used as pure or in the mixture for refrigeration. Company product profile includes granular powders, compounded PTFE, fine powders, Hiflon dispersions, Hiflon coatings, among others. The majority of the revenue accrues from CFM-22. Geographically, the firm operates in India.

Hindustan Fluorocarbons (BOM:524013) Headlines

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