Lypsa Gems & Jewellery (BOM:534532) Momentum Rank : 8 (As of May. 26, 2024)

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What is Lypsa Gems & Jewellery Momentum Rank?

Lypsa Gems & Jewellery 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 Lypsa Gems & Jewellery's Momentum Rank

For the Luxury Goods subindustry, Lypsa Gems & Jewellery'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.

Lypsa Gems & Jewellery's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lypsa Gems & Jewellery's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lypsa Gems & Jewellery's Momentum Rank falls into.

Lypsa Gems & Jewellery Momentum Rank Related Terms

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Lypsa Gems & Jewellery (BOM:534532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Lypsa Gems & Jewellery Ltd (BOM:534532) » Definitions » Momentum Rank

Traded in Other Exchanges

LYPSAGEMS:India

Address

15 Mathew Road, Mehta Mahal, 2nd Floor, North Side, Opposite Roxy Cinema, Opera house, Girgaon, Mumbai, MH, IND, 400004

Website

http://www.lypsa.in

Lypsa Gems & Jewellery Ltd is engaged in the manufacturing and supply of heavy engineered process equipment including heat exchangers, centrifuges, pressure vessels and other fabricated components in India and abroad. It is engaged in manufacturing and trading diamond.

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