Ducon Infratechnologies (NSE:DUCON) Momentum Rank : 1 (As of May. 21, 2024)

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What is Ducon Infratechnologies Momentum Rank?

Ducon Infratechnologies 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 Ducon Infratechnologies's Momentum Rank

For the Specialty Industrial Machinery subindustry, Ducon Infratechnologies'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.

Ducon Infratechnologies's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ducon Infratechnologies's Momentum Rank falls into.

Ducon Infratechnologies Momentum Rank Related Terms

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Ducon Infratechnologies (NSE:DUCON) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ducon Infratechnologies Ltd (NSE:DUCON) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

534674:India

Address

Road No.1, MIDC Wagle Industrial Estate, Ducon House, Plot No. A/4, Thane (West), Thane, MH, IND, 400604

Website

https://www.duconinfra.co.in

Ducon Infratechnologies Ltd is an India-based diversified technology company. It is engaged in the business of Heavy Engineering and Clean Technology. In addition, it is also involved in the installation of industrial machinery and equipment. The company offers its services in the digital and infrastructure business sectors. Its product categories consist of servers, storage, networking, security and surveillance, and energy management systems.

Ducon Infratechnologies (NSE:DUCON) Headlines

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