Mount Housing & Infrastructure (BOM:542864) Momentum Rank : 9 (As of Jun. 25, 2024)

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What is Mount Housing & Infrastructure Momentum Rank?

Mount Housing & Infrastructure has the Momentum Rank of 9.

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 Mount Housing & Infrastructure's Momentum Rank

For the Residential Construction subindustry, Mount Housing & Infrastructure'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.

Mount Housing & Infrastructure's Momentum Rank Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Mount Housing & Infrastructure's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Mount Housing & Infrastructure's Momentum Rank falls into.

Mount Housing & Infrastructure Momentum Rank Related Terms

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Mount Housing & Infrastructure (BOM:542864) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Mount Housing & Infrastructure Ltd (BOM:542864) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Venkatasamy Road West, 122 I, Silver Rock Apartment, 2nd Floor, R.S. Puram, Coimbatore, TN, IND, 641002

Website

https://www.mounthousing.com

Mount Housing & Infrastructure Ltd is an India based real estate developer. It is primarily in the business of real estate development. The operation of the company span all aspects of real estate development, from the identification and acquisition of land, to planning, execution, construction and marketing of projects.

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