Ausom Enterprise (BOM:509009) Momentum Rank : 6 (As of Dec. 12, 2024)

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What is Ausom Enterprise Momentum Rank?

Ausom Enterprise has the Momentum Rank of 6.

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 Ausom Enterprise's Momentum Rank

For the Capital Markets subindustry, Ausom Enterprise'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.

Ausom Enterprise's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Ausom Enterprise's Momentum Rank falls into.

Ausom Enterprise Momentum Rank Related Terms

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Ausom Enterprise Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ausom Enterprise Ltd (BOM:509009) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

AUSOMENT:India

Address

C.G. Road, 606, Swagat Building, Near Lal Bunglow, Ahmedabad, GJ, IND, 380006

Website

https://www.ausom.in

Ausom Enterprise Ltd operates in the trading segment. The company is engaged in the trading of commodities, bullions, gold jewellery, shares and securities, units of mutual funds, diamonds, derivatives transactions, etc.

Ausom Enterprise Headlines

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