KEC International (BOM:532714) Momentum Rank : 3 (As of May. 04, 2024)

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What is KEC International Momentum Rank?

KEC International 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 KEC International's Momentum Rank

For the Engineering & Construction subindustry, KEC International'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.

KEC International's Momentum Rank Distribution in the Construction Industry

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

* The bar in red indicates where KEC International's Momentum Rank falls into.

KEC International Momentum Rank Related Terms

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KEC International (BOM:532714) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

KEC:India

Address

463, Dr. Annie Besant Road, RPG House, Worli, Mumbai, MH, IND, 400 030

Website

https://www.kecrpg.com

KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in the power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's power transmission and distribution business is its largest and accounts for most of its outstanding order book. Roughly half of the company's business occurs in India, with the rest taking place in countries around the world. The company generates revenue primarily from the execution of infrastructure engineering, procurement, and construction contracts. However, the sale of products also brings in significant revenue for the company.

KEC International (BOM:532714) Headlines

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