PNC Infratech (NSE:PNCINFRA) Momentum Rank : 10 (As of Jun. 07, 2024)

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What is PNC Infratech Momentum Rank?

PNC Infratech has the Momentum Rank of 10.

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 PNC Infratech's Momentum Rank

For the Engineering & Construction subindustry, PNC Infratech'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.

PNC Infratech's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, PNC Infratech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where PNC Infratech's Momentum Rank falls into.

PNC Infratech Momentum Rank Related Terms

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PNC Infratech (NSE:PNCINFRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » PNC Infratech Ltd (NSE:PNCINFRA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

539150:India

Address

Bypass Road, NH-2, PNC Tower, 3/22-D, Civil Lines, Agra, UP, IND, 282002

Website

https://www.pncinfratech.com

PNC Infratech Ltd is an infrastructure construction, development, and management company. It constructs highways, bridges, flyovers, power transmission lines, and airport runways. The company's segments include Engineering, Procurement, and Construction (EPC) Contract and BOT (Toll and Annuity). It also offers end-to-end infrastructure implementation solutions that include EPC services. The company's operations are executed across various states in India including Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka, and Tamil Nadu. The group derives key revenue from the EPC contract segment.

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