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Kama Holdings (BOM:532468) Momentum Rank : 4 (As of May. 26, 2024)


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What is Kama Holdings Momentum Rank?

Kama Holdings 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 Kama Holdings's Momentum Rank

For the Conglomerates subindustry, Kama Holdings'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.


Kama Holdings's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Kama Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kama Holdings's Momentum Rank falls into.



Kama Holdings Momentum Rank Related Terms

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Kama Holdings (BOM:532468) Business Description

Traded in Other Exchanges
N/A
Address
Block C, Sector 45, Gurgaon, HR, IND, 122 003
Kama Holdings Ltd is a holding company. The company's operating segment includes the Technical textiles business, Chemicals and Polymers business, Packaging film business and Others. The Technical textiles business segment includes nylon tire cord fabric, belting fabric, coated fabric, laminated fabric, polyester tire cord fabric, and industrial yarns, and its research and development. The Chemicals and Polymers business segment includes refrigerant gases, chloromethane, pharmaceuticals, certified emissions reductions and allied products, engineering plastics business, and its research and development. The Packaging film business that derives the majority of its revenue includes polyester films.

Kama Holdings (BOM:532468) Headlines

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