Virtual Global Education (BOM:534741) Momentum Rank : 5 (As of May. 04, 2024)

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What is Virtual Global Education Momentum Rank?

Virtual Global Education has the Momentum Rank of 5.

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 Virtual Global Education's Momentum Rank

For the Education & Training Services subindustry, Virtual Global Education'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.

Virtual Global Education's Momentum Rank Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Virtual Global Education's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Virtual Global Education's Momentum Rank falls into.

Virtual Global Education Momentum Rank Related Terms

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Virtual Global Education (BOM:534741) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Virtual Global Education Ltd (BOM:534741) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Block EN – 34, Sector V, Salt Lake,, 2nd Floor EN-20, Seven Hills Building, Kolkata, WB, IND, 700091

Website

https://www.virtualeducation.co.in

Virtual Global Education Ltd is engaged in the business of the education and training industry. The company offers various technical and vocational secondary education. Its business areas include skills for schools and colleges, vocational education and training, professional entrepreneurship program, and digital education. In addition, it also offers courses on various skills in telecom, retail, hospitality and tourism, healthcare, security, beauty and wellness, solar power, agriculture, and electronics sectors. The company has a presence in approximately 14 states with over 150 centers across both urban and rural areas. The company derives its revenues Majorly from skilling and training and project comprised under the Common Norms of National Skill Development Corporation.

Virtual Global Education (BOM:534741) Headlines

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