Eiko Lifesciences (BOM:540204) Momentum Rank : 7 (As of May. 26, 2024)

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What is Eiko Lifesciences Momentum Rank?

Eiko Lifesciences has the Momentum Rank of 7.

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 Eiko Lifesciences's Momentum Rank

For the Specialty Chemicals subindustry, Eiko Lifesciences'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.

Eiko Lifesciences's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Eiko Lifesciences's Momentum Rank falls into.

Eiko Lifesciences Momentum Rank Related Terms

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Eiko Lifesciences (BOM:540204) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eiko Lifesciences Ltd (BOM:540204) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

890189:India

Address

604, Centrum, Wagle Estate, Opposite TMC Office, Near Satkar Grande Hotel, Wagle Estat, Thane, MH, IND, 400604

Website

http://www.narendrainvestment.com

Eiko Lifesciences Ltd is a manufacturer of specialty and fine chemicals. Its Specialty Chemicals product offerings comprise Organic as well as and Inorganic chemicals.

Eiko Lifesciences (BOM:540204) Headlines

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