Jaiprakash Associates (BOM:532532) Momentum Rank : 1 (As of May. 12, 2024)

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What is Jaiprakash Associates Momentum Rank?

Jaiprakash Associates has the Momentum Rank of 1.

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 Jaiprakash Associates's Momentum Rank

For the Conglomerates subindustry, Jaiprakash Associates'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.

Jaiprakash Associates's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jaiprakash Associates's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Jaiprakash Associates's Momentum Rank falls into.

Jaiprakash Associates Momentum Rank Related Terms

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Jaiprakash Associates (BOM:532532) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jaiprakash Associates Ltd (BOM:532532) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JPASSOCIAT:India

Address

Site-IV Industrial Area, 64/4, Sahibabad, Ghaziabad, UP, IND, 201010

Website

http://www.jalindia.com

Jaiprakash Associates Ltd is a company that is primarily engaged in six segments. The engineering and construction segment focuses on constructing river valley and hydropower projects on a turnkey basis. The cement segment manufactures and distributes Portland Pozzolana cement under the brand name Jaypee Cement. The Hotel / Hospitality & Golf Course segment is engaged in managing Hotels, Golf Course, Resorts & Spa. The power segment generates, distributes, and transmits power. The real estate segment is engaged in developing residential projects, sports facilities, golf resorts, and so on. The Investments segment is engaged in Investments in Subsidiaries, Associates and Others. Others Includes Waste Treatment Plant, Heavy Engineering Works, Hitech Castings, Man Power Supply etc.

Jaiprakash Associates (BOM:532532) Headlines

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