Capacit'e Infraprojects (NSE:CAPACITE) Momentum Rank : 0 (As of Jun. 22, 2024)

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What is Capacit'e Infraprojects Momentum Rank?

Capacit'e Infraprojects 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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Capacit'e Infraprojects (NSE:CAPACITE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Capacit'e Infraprojects Ltd (NSE:CAPACITE) » Definitions » Momentum Rank

Traded in Other Exchanges

540710:India

Address

Sion-Trombay Road, 605-607, Shrikant Chambers, 6th Floor, Phase I, Adjacent to R. K. Studios, Chembur, Mumbai, MH, IND, 400 071

Website

https://www.capacite.in

Capacit'e Infraprojects Ltd is engaged in the construction of buildings with specialization in the construction of Highrise and Super High-rise residential, commercial, and institutional buildings. Its only reportable segment being Engineering, Procurement, and Construction Contracts. Some of its projects include Delta Factory, Hubtown25 South, Oberoi Garden City, Tata Trust, and Rustomjee Seasons.

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