Global Vectra Helicorp (BOM:532773) Momentum Rank : 3 (As of Jun. 24, 2024)

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What is Global Vectra Helicorp Momentum Rank?

Global Vectra Helicorp 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 Global Vectra Helicorp's Momentum Rank

For the Airports & Air Services subindustry, Global Vectra Helicorp'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.

Global Vectra Helicorp's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Global Vectra Helicorp's Momentum Rank distribution charts can be found below:

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

Global Vectra Helicorp Momentum Rank Related Terms

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Global Vectra Helicorp (BOM:532773) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Global Vectra Helicorp Ltd (BOM:532773) » Definitions » Momentum Rank

Traded in Other Exchanges

GLOBALVECT:India

Address

Hangar Number - C - He / Hf, Airports Authority of India, Civil Aerodrome, Juhu, Mumbai, MH, IND, 400056

Website

https://www.globalhelicorp.com

Global Vectra Helicorp Ltd is engaged in providing helicopter services. The company provides onshore and offshore services for oil and gas operations, the productions sector, geophysical survey, corporate and VIP flights, aerial photography and filming, religious tourism, emergency services, underslung operations, and power grid maintenance. It operates in a single segment that is the provision of helicopter services in India. The company has its main maintenance base at Juhu Airport, Mumbai with sub-bases supporting onshore and offshore operations across the length and breadth of India.

Global Vectra Helicorp (BOM:532773) Headlines

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