Vardhman Concrete (BOM:531444) Momentum Rank : 3 (As of Dec. 14, 2024)

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What is Vardhman Concrete Momentum Rank?

Vardhman Concrete has the Momentum Rank of 3.

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 Vardhman Concrete's Momentum Rank

For the Engineering & Construction subindustry, Vardhman Concrete'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.

Vardhman Concrete's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, Vardhman Concrete's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Vardhman Concrete's Momentum Rank falls into.

Vardhman Concrete Momentum Rank Related Terms

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Vardhman Concrete Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Vardhman Concrete Ltd (BOM:531444) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

140, N. M. Marg, 120, Commerce House, Fort, Mumbai, MH, IND, 400001

Website

http://www.vardhmanconcreteltd.com

Vardhman Concrete Ltd operates in the construction sector. The company is engaged in designing, procuring, constructing, commissioning and managing all works of roads, bridges, buildings, Industrial structures, transmission line poles, Power stations, reactors, space facilities, silos, storages godowns, culverts, docks, harbours, piers, wharves, canals, reservoirs, dams, embankments, irrigation works, reclamation, water supply works water and drainage carriage systems, water and sewerage treatment works, sewerage disposal works, water and sewerage pumping stations, storm water and surface drainage, sanitation gas, telephonic, telegraphic and power supply works and all other works..

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