DMR Hydroengineering & Infrastructures (BOM:543410) Momentum Rank : 10 (As of Dec. 11, 2024)

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What is DMR Hydroengineering & Infrastructures Momentum Rank?

DMR Hydroengineering & Infrastructures 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 DMR Hydroengineering & Infrastructures's Momentum Rank

For the Engineering & Construction subindustry, DMR Hydroengineering & Infrastructures'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.

DMR Hydroengineering & Infrastructures's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, DMR Hydroengineering & Infrastructures's Momentum Rank distribution charts can be found below:

* The bar in red indicates where DMR Hydroengineering & Infrastructures's Momentum Rank falls into.

DMR Hydroengineering & Infrastructures Momentum Rank Related Terms

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DMR Hydroengineering & Infrastructures Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » DMR Hydroengineering & Infrastructures Ltd (BOM:543410) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

473, Sector-30, Faridabad, HR, IND, 121003

Website

https://www.dmrengineering.net

DMR Hydroengineering & Infrastructures Ltd is engaged in providing engineering consultancy and due diligence services to hydropower, dams, roads, and railway tunnels. The services offered by the company include the entire life cycle of projects covering design and engineering, due diligence and regulatory, bid management and construction engineering, and quality and inspection. The company generates the majority of its revenue from the Hydropower and Renewables sector.

DMR Hydroengineering & Infrastructures Headlines

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