Ridings Consulting Engineers India (BOM:541151) Momentum Rank : 10 (As of Jun. 24, 2024)

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What is Ridings Consulting Engineers India Momentum Rank?

Ridings Consulting Engineers India 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 Ridings Consulting Engineers India's Momentum Rank

For the Scientific & Technical Instruments subindustry, Ridings Consulting Engineers India'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.

Ridings Consulting Engineers India's Momentum Rank Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ridings Consulting Engineers India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ridings Consulting Engineers India's Momentum Rank falls into.

Ridings Consulting Engineers India Momentum Rank Related Terms

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Ridings Consulting Engineers India (BOM:541151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ridings Consulting Engineers India Ltd (BOM:541151) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Premises No. 429-430, Sector-29, Block-II, 2nd Floor, Ganga Shopping Complex, Noida, UP, IND, 201303

Website

https://www.ridingsindia.com

Ridings Consulting Engineers India Ltd provides Geospatial Services which include Sub Surface Utility Engineering (SUE) Survey/ Ground-penetrating radar (GPR) Survey, Geographic Information Systems, and Geospatial database development, Geospatial -Marketing consulting and planning, Training, Geographic Information Systems for Utilities (Power, Water, and Telecom) and Land Surveying and Geospatial Data (Digital and Large Scale Geospatial Data). The Geographic Information Systems (GIS) applications include mapping of utilities such as electrical networks, telecom networks, water supply, and sewerage systems. It derives its Majority revenue from India and Outside India.

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