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Lords Chloro Alkali (NSE:LORDSCHLO) Momentum Rank : 0 (As of May. 19, 2024)


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What is Lords Chloro Alkali Momentum Rank?

Lords Chloro Alkali has the Momentum Rank of 0.

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.

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Lords Chloro Alkali (NSE:LORDSCHLO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lords Chloro Alkali Ltd (NSE:LORDSCHLO) » Definitions » Momentum Rank
Comparable Companies
BOM:542012 BOM:506597 NSE:INFINIUM BOM:524634 BOM:500120 BOM:524342 BOM:506525 BOM:500449 BOM:500298 BOM:543828 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183
Traded in Other Exchanges
500284:India
Address
Defence Colony, A-264, 1st Floor, New Delhi, IND, 110024
Website
https://www.lordschloro.com
Lords Chloro Alkali Ltd is engaged in the business of manufacturing caustic soda. The product consists of Caustic soda, Liquid chlorine, Hydrochloric acid, Calcium hypo chloride- bleach liquor, Stable bleaching powder, Trichloroethylene, and Hydrogen gas. The company supplies its products to most of the paper, soap, dyes, chemicals, and plastic industries based in the western parts of Uttar Pradesh, Haryana, Punjab, Rajasthan, and Delhi.

Lords Chloro Alkali (NSE:LORDSCHLO) Headlines

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