Thomas Scott (India) (BOM:533941) Momentum Rank : 3 (As of May. 27, 2024)

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What is Thomas Scott (India) Momentum Rank?

Thomas Scott (India) 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 Thomas Scott (India)'s Momentum Rank

For the Textile Manufacturing subindustry, Thomas Scott (India)'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.

Thomas Scott (India)'s Momentum Rank Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Thomas Scott (India)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Thomas Scott (India)'s Momentum Rank falls into.

Thomas Scott (India) Momentum Rank Related Terms

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Thomas Scott (India) (BOM:533941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thomas Scott (India) Ltd (BOM:533941) » Definitions » Momentum Rank

Traded in Other Exchanges

THOMASCOTT:India

Address

Senapati Bapat Marg, 50, Kewal Industrial Estate, Lower Parel (West), Mumbai, MH, IND, 400013

Website

https://www.thomasscott.org

Thomas Scott (India) Ltd is engaged in the manufacturing and trading of Textile and Textile products. The company sells formal shirts that suit the heritage of premium shirting. It also offers semi-formal shirts and casual shirts. The company's products can be combined with jeans, a blazer, an unstructured blazer, chinos, and a nifty pocket square. The company has only one geographical segment as it caters to the need of domestic market.

Thomas Scott (India) (BOM:533941) Headlines

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