Viaan Industries (BOM:537524) Momentum Rank : 2 (As of May. 15, 2024)

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What is Viaan Industries Momentum Rank?

Viaan Industries has the Momentum Rank of 2.

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 Viaan Industries's Momentum Rank

For the Consumer Electronics subindustry, Viaan Industries'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.

Viaan Industries's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Viaan Industries's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Viaan Industries's Momentum Rank falls into.

Viaan Industries Momentum Rank Related Terms

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Viaan Industries (BOM:537524) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Viaan Industries Ltd (BOM:537524) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

SVP Nagar, Janki Devi School Road, Saisha Bungalow Number - 10/87, Mhada, Versova, Andheri (West), Mumbai, MH, IND, 400053

Website

https://www.v-ind.com

Viaan Industries Ltd is engaged in trading activities of commodities, electronics goods, and the development of mobile-based games applications and animated films. Its operating segment includes Trading Activities, and Entertainment Media and Technology. The company generates maximum revenue from the Trading Activities segment.

Viaan Industries (BOM:537524) Headlines

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