Heads UP Ventures (BOM:540210) Momentum Rank : 10 (As of May. 07, 2024)

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What is Heads UP Ventures Momentum Rank?

Heads UP Ventures has the Momentum Rank of 10.

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 Heads UP Ventures's Momentum Rank

For the Apparel Retail subindustry, Heads UP Ventures'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.

Heads UP Ventures's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Heads UP Ventures's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Heads UP Ventures's Momentum Rank falls into.

Heads UP Ventures Momentum Rank Related Terms

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Heads UP Ventures (BOM:540210) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Heads UP Ventures Ltd (BOM:540210) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

HEADSUP:India

Address

Dr. S.S. Rao Road, 209, Peninsula Centre, Parel, Mumbai, MH, IND, 400012

Website

https://www.mrvlindia.com

Heads UP Ventures Ltd is engaged in the business of designing, retailing and distributing men's wear, women's wear and accessories under the Being Human brand. Geographically, it derives majority of its revenue from domestic operations. It operates only in the Garments segment.

Heads UP Ventures (BOM:540210) Headlines

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