Ranjeet Mechatronics (BOM:541945) Momentum Rank : 1 (As of Jun. 21, 2024)

View and export this data going back to 2018. Start your Free Trial

What is Ranjeet Mechatronics Momentum Rank?

Ranjeet Mechatronics 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 Ranjeet Mechatronics's Momentum Rank

For the Security & Protection Services subindustry, Ranjeet Mechatronics'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.

Ranjeet Mechatronics's Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Ranjeet Mechatronics's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ranjeet Mechatronics's Momentum Rank falls into.

Ranjeet Mechatronics Momentum Rank Related Terms

Thank you for viewing the detailed overview of Ranjeet Mechatronics's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Ranjeet Mechatronics (BOM:541945) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Ranjeet Mechatronics Ltd (BOM:541945) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Anand Nagar Char Rasta, Prahlad Nagar Road, Block A, Office No. 407/408, 4th Floor, Dev Aurum, Ahmedabad, GJ, IND, 380 015

Website

https://www.ranjeet.co.in

Ranjeet Mechatronics Ltd is a company providing specialized firefighting solutions as a system integrator. It provides end-to-end solutions in the installation, designing, commission, testing, implementation, management and operational support for technology-based security and fire solutions. Products and services offered by the company include a fire sprinkler system, fire detection system, gas suppression system, fire extinguishers system, fire hydrant system, high-velocity water spray system, and a medium-velocity water spray system.

Ranjeet Mechatronics (BOM:541945) Headlines

No Headlines