Satchmo Holdings (BOM:533202) Momentum Rank : 7 (As of May. 05, 2024)

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What is Satchmo Holdings Momentum Rank?

Satchmo Holdings has the Momentum Rank of 7.

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 Satchmo Holdings's Momentum Rank

For the Real Estate - Development subindustry, Satchmo Holdings'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.

Satchmo Holdings's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Satchmo Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Satchmo Holdings's Momentum Rank falls into.

Satchmo Holdings Momentum Rank Related Terms

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Satchmo Holdings (BOM:533202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Satchmo Holdings Ltd (BOM:533202) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

M G Road, 110 A Wing, Andrews Building, Level 1, Bangalore, KA, IND, 560001

Website

https://www.satchmoholdings.in

Satchmo Holdings Ltd is an Investments and Holding company having cluster of businesses in the sectors of Facilities Management, Catering, Restaurants, Food, and Equity Trading . The company has three reportable segments Residential, Facility Management and Investment and trading in equities. The company generates majority of its revenue from Residential segment. Geographically all the operations function through the region of India.

Satchmo Holdings (BOM:533202) Headlines

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