Graphite India (NSE:GRAPHITE) Momentum Rank : 10 (As of May. 24, 2024)

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What is Graphite India Momentum Rank?

Graphite 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 Graphite India's Momentum Rank

For the Electrical Equipment & Parts subindustry, Graphite 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.

Graphite India's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Graphite India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Graphite India's Momentum Rank falls into.

Graphite India Momentum Rank Related Terms

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Graphite India (NSE:GRAPHITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Graphite India Ltd (NSE:GRAPHITE) » Definitions » Momentum Rank

Traded in Other Exchanges

509488:India

Address

31, Chowringhee Road, Kolkata, WB, IND, 700 016

Website

https://www.graphiteindia.com

Graphite India Ltd is an industrial products manufacturer in India. It manufactures graphite electrodes and graphite-based products. Its segments are Graphite and Carbon Segment and Other segments. The company also manufactures other products like Impervious Graphite Equipment and Spares, steel and alloy steel, reinforced plastic pipes, and many more.

Graphite India (NSE:GRAPHITE) Headlines

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