Ashiana Housing (NSE:ASHIANA) Momentum Rank : 6 (As of Jun. 06, 2024)

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What is Ashiana Housing Momentum Rank?

Ashiana Housing has the Momentum Rank of 6.

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 Ashiana Housing's Momentum Rank

For the Real Estate - Development subindustry, Ashiana Housing'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.

Ashiana Housing's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Ashiana Housing's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ashiana Housing's Momentum Rank falls into.

Ashiana Housing Momentum Rank Related Terms

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Ashiana Housing (NSE:ASHIANA) Business Description

Industry

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Traded in Other Exchanges

523716:India

Address

304, Southern Park, Saket District Centre, Saket, New Delhi, IND, 110 017

Website

https://www.ashianahousing.com

Ashiana Housing Ltd is an India based real estate development company. It is engaged in the development of comfort homes and senior living. Some of its projects include Ashiana town, Ashiana tarang, Ashiana surbhi, Ashiana navrang, Ashiana anantara, Ashiana anmol, Ashiana nirmay, and Ashiana shubham. The group's operations are located in India.

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