Starlit Power Systems (BOM:538733) Momentum Rank : 1 (As of May. 15, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Starlit Power Systems Momentum Rank?

Starlit Power Systems 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 Starlit Power Systems's Momentum Rank

For the Electrical Equipment & Parts subindustry, Starlit Power Systems'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.

Starlit Power Systems's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Starlit Power Systems's Momentum Rank falls into.

Starlit Power Systems Momentum Rank Related Terms

Thank you for viewing the detailed overview of Starlit Power Systems's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Starlit Power Systems (BOM:538733) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Starlit Power Systems Ltd (BOM:538733) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

A - 1/51, LGF, Safdarjung Enclave, New Delhi, IND, 110029

Website

https://www.starlitpower.com

Starlit Power Systems Ltd is engaged in the manufacturing and distribution of Secondary Power Storage Batteries. It manufactures Batteries for Power storage- Inverters, UPS, Solar and also E-Mobility application.

Starlit Power Systems (BOM:538733) Headlines

No Headlines