Vasudhagama Enterprises (BOM:539291) Momentum Rank : 1 (As of Jun. 23, 2024)

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What is Vasudhagama Enterprises Momentum Rank?

Vasudhagama Enterprises has the Momentum Rank of 1.

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 Vasudhagama Enterprises's Momentum Rank

For the Food Distribution subindustry, Vasudhagama Enterprises'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.

Vasudhagama Enterprises's Momentum Rank Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Vasudhagama Enterprises's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Vasudhagama Enterprises's Momentum Rank falls into.

Vasudhagama Enterprises Momentum Rank Related Terms

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Vasudhagama Enterprises (BOM:539291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Vasudhagama Enterprises Ltd (BOM:539291) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

G-04, Newyork Corner, S. G. Highway, Bodakdev, Building, Behind Kiran Motors, Ahmedabad, GJ, IND, 380054

Website

http://www.ozoneworld.in

Vasudhagama Enterprises Ltd formerly Ozone World Ltd is engaged in the wholesale trading of agricultural raw materials. Also, it is involved in the real estate business through investment in the partnership firm. The Company is engaged in the business of trading of commodities / goods and in real estate business. The company has carried out the trading activity of cumin seeds, and other commodities like psyllium, cotton, spices, and oilseeds.

Vasudhagama Enterprises (BOM:539291) Headlines

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