Urja Global (BOM:526987) Momentum Rank : 10 (As of Jun. 19, 2024)

View and export this data going back to 2000. Start your Free Trial

What is Urja Global Momentum Rank?

Urja Global has the Momentum Rank of 10.

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 Urja Global's Momentum Rank

For the Solar subindustry, Urja Global'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.

Urja Global's Momentum Rank Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Urja Global's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Urja Global's Momentum Rank falls into.

Urja Global Momentum Rank Related Terms

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

Urja Global (BOM:526987) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Urja Global Ltd (BOM:526987) » Definitions » Momentum Rank

Traded in Other Exchanges

URJA:India

Address

487/63, 1st Floor, National Market, Peeragarhi, New Delhi, IND, 110087

Website

https://www.urjaglobal.in

Urja Global Ltd is an India based renewable energy developer. The firm is engaged in design, consultancy, integration, supply, installation, commissioning and maintenance of off-grid and grid-connected solar power plants and decentralized Solar Application and trading of solar products, Lead Acid Batteries. The company's product portfolio includes batteries; led lights; inverters; PV module; charge controller; solar lanterns; solar power pack; home lighting and others.

Urja Global (BOM:526987) Headlines

No Headlines