KSK Energy Ventures (BOM:532997) Momentum Rank : 0 (As of Jun. 21, 2024)

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What is KSK Energy Ventures Momentum Rank?

KSK Energy Ventures has the Momentum Rank of 0.

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.

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KSK Energy Ventures (BOM:532997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » KSK Energy Ventures Ltd (BOM:532997) » Definitions » Momentum Rank

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Traded in Other Exchanges

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Address

Road No:22, Jubilee Hills, 8-2-293/82/A/431/A, Hyderabad, TG, IND, 500033

Website

http://www.ksk.co.in

KSK Energy Ventures Ltd is a power project development company. It is engaged in the development, ownership, operation, and maintenance of power generation assets in India and supplies power to industrial consumers and state-owned entities. The operating business segments are Project development and power generation. The company derives most of its revenue from Power generation segment.

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