Saint-Gobain Sekurit India (BOM:515043) Momentum Rank : 10 (As of May. 01, 2024)

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What is Saint-Gobain Sekurit India Momentum Rank?

Saint-Gobain Sekurit India has the Momentum Rank of 10.

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 Saint-Gobain Sekurit India's Momentum Rank

For the Auto Parts subindustry, Saint-Gobain Sekurit 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.

Saint-Gobain Sekurit India's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Saint-Gobain Sekurit India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Saint-Gobain Sekurit India's Momentum Rank falls into.

Saint-Gobain Sekurit India Momentum Rank Related Terms

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Saint-Gobain Sekurit India (BOM:515043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Saint-Gobain Sekurit India Ltd (BOM:515043) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pune-Nashik Road, Plot No. 616 and 617, Chakan, Village Kuruli, Pune, MH, IND, 410 501

Website

https://www.sekuritindia.com

Saint-Gobain Sekurit India Ltd is engaged in the manufacture and sale of automotive glass. The company is in the business of processing glasses to manufacture windshields, door glasses, and backlites. Geographically, it operates only in India. It generates revenue from the sale of Laminated Safety Glass and Tempered Glass. The company offers a range of windshields, tempered glasses and tempered backlites for passenger cars, utility vehicles, commercial vehicles, and three wheelers.

Saint-Gobain Sekurit India (BOM:515043) Headlines

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