GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suryachakra Power Corp Ltd (LUX:174974) » Definitions » Momentum Rank

Suryachakra Power (LUX:174974) Momentum Rank : 0 (As of Jun. 20, 2024)


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

What is Suryachakra Power Momentum Rank?

Suryachakra Power 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.

Suryachakra Power Momentum Rank Related Terms

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

Suryachakra Power (LUX:174974) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Suryachakra Power Corp Ltd (LUX:174974) » Definitions » Momentum Rank
Comparable Companies
BOM:523222 BOM:536709 WAR:FTN BOM:532997 BOM:532219 MIC:VGSB MIC:STSB TSX:SXI MIC:ASSB MIC:KTSB MIC:MRSB MIC:TASB MIC:DASB MIC:SARE MIL:AGA WAR:BDZ MIC:RZSB MIC:KLSB BUD:EHEP MIL:INC
Traded in Other Exchanges
N/A
Address
Suryachakra House, Plot No. 304-L-III,, Road No.78, Jubilee Hills, Hyderabad, TG, IND, 500096
Website
http://www.suryachakra.in
Suryachakra Power Corp Ltd is engaged in the generation and sale of electricity business activities. The company generates electricity using diesel and biomass. It also involved in architectural, engineering & related services and trading of coal. The company mainly operates in Andaman & Nicobar Islands and other parts of India. It derives most of its revenues from the sale of the electricity business activities and has operations spread across India.

Suryachakra Power (LUX:174974) Headlines

No Headlines