Gujarat Industries Power Co (NSE:GIPCL) Momentum Rank : 7 (As of Dec. 12, 2024)

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What is Gujarat Industries Power Co Momentum Rank?

Gujarat Industries Power Co has the Momentum Rank of 7.

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 Gujarat Industries Power Co's Momentum Rank

For the Utilities - Regulated Electric subindustry, Gujarat Industries Power Co'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.

Gujarat Industries Power Co's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Gujarat Industries Power Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gujarat Industries Power Co's Momentum Rank falls into.

Gujarat Industries Power Co Momentum Rank Related Terms

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Gujarat Industries Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Gujarat Industries Power Co Ltd (NSE:GIPCL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

517300:India

Address

P.O. Ranoli, Vadodara, GJ, IND, 391 350

Website

https://www.gipcl.com

Gujarat Industries Power Co Ltd is engaged in the business of electrical power generation. Its power generation plants include gas-based power plants, thermal power plants, and solar power plants. The company generates a majority of its revenue from the sale of electrical energy within the domestic market.

Gujarat Industries Power Co Headlines

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