Narendra Properties (BOM:531416) Momentum Rank : 8 (As of Jun. 25, 2024)

View and export this data going back to 1996. Start your Free Trial

What is Narendra Properties Momentum Rank?

Narendra Properties has the Momentum Rank of 8.

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 Narendra Properties's Momentum Rank

For the Real Estate - Development subindustry, Narendra Properties'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.

Narendra Properties's Momentum Rank Distribution in the Real Estate Industry

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

* The bar in red indicates where Narendra Properties's Momentum Rank falls into.

Narendra Properties Momentum Rank Related Terms

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

Narendra Properties (BOM:531416) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Narendra Properties Ltd (BOM:531416) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

Barnaby Road, Makanji House, 2nd Floor, No. 49 (Old No. 25), Kilpauk, Chennai, TN, IND, 600 010

Website

https://www.narendraproperties.com

Narendra Properties Ltd is an India-based real estate company. It is involved in undertaking development projects of residential and commercial multi-storied apartment complexes. In addition, it also undertakes civil construction projects. The company operates in the development of commercial and residential properties segment. Some of its projects are Devi, Anjli, Agastya, Manor and others. Geographically operates only in India.

Narendra Properties (BOM:531416) Headlines

No Headlines