Golden Carpets (BOM:531928) Momentum Rank : 3 (As of May. 25, 2024)

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What is Golden Carpets Momentum Rank?

Golden Carpets 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 Golden Carpets's Momentum Rank

For the Textile Manufacturing subindustry, Golden Carpets'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.

Golden Carpets's Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Golden Carpets's Momentum Rank falls into.

Golden Carpets Momentum Rank Related Terms

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Golden Carpets (BOM:531928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Golden Carpets Ltd (BOM:531928) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

8-2-596/5/B/1/A, Road No. 10, First Floor, Banjara Hills, Hyderabad, TG, IND, 500035

Website

https://www.goldencarpets.com

Golden Carpets Ltd is a manufacturer of carpets produced with heat set polypropylene yarn that is imported from Turkey. The company provides carpeting solutions for hotels, multiplexes, corporate offices with wall to wall carpets that are made as per client needs. Its product portfolio includes wall to wall carpets; and area rugs.

Golden Carpets (BOM:531928) Headlines

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