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FSN E-Commerce Ventures (BOM:543384) Momentum Rank : 0 (As of May. 21, 2024)


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What is FSN E-Commerce Ventures Momentum Rank?

FSN E-Commerce Ventures has the Momentum Rank of 0.

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.

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FSN E-Commerce Ventures (BOM:543384) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » FSN E-Commerce Ventures Ltd (BOM:543384) » Definitions » Momentum Rank
Comparable Companies
BOM:543626 BOM:534597 NSE:KORE NSE:ISFT NSE:WOMANCART BOM:521105 BOM:543521 BOM:524622 BOM:535694 BOM:538765 AMZN BABA PDD HKSE:03690 MELI JD CPNG SE EBAY TSE:4689
Traded in Other Exchanges
NYKAA:India
Address
Appasaheb Marathe Marg, A2, 4th Floor, Cnergy IT Park, Opposite Tata Motors, Prabhadevi, Mumbai, MH, IND, 400 025
Website
https://www.nykaa.com
FSN E-Commerce Ventures Ltd is a digitally native consumer technology platform, delivers a content-led, lifestyle retail experience to consumers. It has a diverse portfolio of beauty, personal care, and fashion products. The Company operates in a single geographical environment i.e., in India.

FSN E-Commerce Ventures (BOM:543384) Headlines

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