Nila Infrastructures (BOM:530377) Momentum Rank : 9 (As of Jun. 23, 2024)

View and export this data going back to 1995. Start your Free Trial

What is Nila Infrastructures Momentum Rank?

Nila Infrastructures has the Momentum Rank of 9.

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 Nila Infrastructures's Momentum Rank

For the Real Estate - Development subindustry, Nila Infrastructures'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.

Nila Infrastructures's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Nila Infrastructures's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nila Infrastructures's Momentum Rank falls into.

Nila Infrastructures Momentum Rank Related Terms

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

Nila Infrastructures (BOM:530377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nila Infrastructures Ltd (BOM:530377) » Definitions » Momentum Rank

Traded in Other Exchanges

NILAINFRA:India

Address

Sambhaav House, 1st Floor, Opposite Chief Justices Bunglow, Bodakdev, Ahmedabad, GJ, IND, 380015

Website

https://www.nilainfra.com

Nila Infrastructures Ltd is an India-based company engaged in the construction and development of real estate and infrastructure projects. It is focused on urban infrastructure projects and residential real estate. It is involved in public infrastructure development projects, such as bus shelters of Ahmedabad's Bus Rapid Transit System (BRTS) and Ahmedabad Municipal Transport Service (AMTS), a textile park in Surat and media utilities in Rajkot. The company undertakes engineering, procurement, and construction (EPC)/turnkey projects of housing schemes floated by government authorities. The company has one business segment, which is Infrastructure Business.

Nila Infrastructures (BOM:530377) Headlines

No Headlines