Coral India Finance & Housing (NSE:CORALFINAC) Momentum Rank : 5 (As of May. 21, 2024)

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What is Coral India Finance & Housing Momentum Rank?

Coral India Finance & Housing has the Momentum Rank of 5.

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 Coral India Finance & Housing's Momentum Rank

For the Real Estate Services subindustry, Coral India Finance & 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.

Coral India Finance & Housing's Momentum Rank Distribution in the Real Estate Industry

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

* The bar in red indicates where Coral India Finance & Housing's Momentum Rank falls into.

Coral India Finance & Housing Momentum Rank Related Terms

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Coral India Finance & Housing (NSE:CORALFINAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Coral India Finance & Housing Ltd (NSE:CORALFINAC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

531556:India

Address

Jamnalal Bajaj Marg, Dalamal House, 4th Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.coralhousing.in

Coral India Finance & Housing Ltd is a housing development company in India. The company is primarily engaged in two segments viz, Construction, development & maintenance of properties and related services, and Investment. The majority of its revenue is derived from the Investment segment. Some of its projects include Coral Heights and Coral Gardens.

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