Indian Energy Exchange (BOM:540750) Momentum Rank : 5 (As of Jun. 04, 2024)

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What is Indian Energy Exchange Momentum Rank?

Indian Energy Exchange has the Momentum Rank of 5.

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 Indian Energy Exchange's Momentum Rank

For the Capital Markets subindustry, Indian Energy Exchange'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.

Indian Energy Exchange's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Indian Energy Exchange's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Indian Energy Exchange's Momentum Rank falls into.

Indian Energy Exchange Momentum Rank Related Terms

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Indian Energy Exchange (BOM:540750) Business Description

Industry

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Traded in Other Exchanges

IEX:India

Address

Gautam Buddha Nagar, 9th Floor, Plot No. C-001/A/1, Max Towers, Sector 16B, Noida, UP, IND, 201 301

Website

https://www.iexindia.com

Indian Energy Exchange Ltd is an India-based power trading platform provider. It offers an automated platform for physical delivery of electricity, IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. It offers an electronic platform for the trading of electricity products in India. The Company has determined reportable segments by the nature of its products and services, which are Power exchange, Carbon exchange, and Gas exchange.

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