Navin Fluorine International (NSE:NAVINFLUOR) Momentum Rank : 2 (As of May. 21, 2024)

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What is Navin Fluorine International Momentum Rank?

Navin Fluorine International has the Momentum Rank of 2.

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 Navin Fluorine International's Momentum Rank

For the Chemicals subindustry, Navin Fluorine International'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.

Navin Fluorine International's Momentum Rank Distribution in the Chemicals Industry

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

* The bar in red indicates where Navin Fluorine International's Momentum Rank falls into.

Navin Fluorine International Momentum Rank Related Terms

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Navin Fluorine International (NSE:NAVINFLUOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Navin Fluorine International Ltd (NSE:NAVINFLUOR) » Definitions » Momentum Rank

Traded in Other Exchanges

532504:India

Address

194, Sir Mathuradas Vasanji Road, Near Western Express Highway, Office No. 602, 6th Floor, Natraj by Rustomjee, Andheri (East), Mumbai, MH, IND, 400069

Website

https://www.nfil.in

Navin Fluorine International Ltd is engaged in the chemicals business. Its business units include Refrigeration, Inorganic Fluorides, Specialty Fluorochemicals, and Contract Research and Manufacturing Services. The Company operates only in one Business Segment i.e. 'Chemical Business' which constitutes a single reporting segment. Geographically, the company generates a majority of its revenue from Outside India.

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