GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Yatra Online Ltd (BOM:543992) » Definitions » Momentum Rank

Yatra Online (BOM:543992) Momentum Rank : 0 (As of Jun. 20, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Yatra Online Momentum Rank?

Yatra Online 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.


Yatra Online Momentum Rank Related Terms

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


Yatra Online (BOM:543992) Business Description

Traded in Other Exchanges
Address
Gulf Adiba,Plot No. 272, 4th Floor, Udyog Vihar,Phase –II, Sector 20, Gurugram, HR, IND, 122008
Yatra Online Ltd is a company whose business is based on a common technology platform that serves their customers through multiple mobile applications as well as on their own company's website. They also provide other ervices include domestic and international air ticketing on nearly all Indian and international airlines, as well as bus ticketing, rail ticketing, cab bookings and ancillary services within India.

Yatra Online (BOM:543992) Headlines

No Headlines