Pramara Promotions (NSE:PRAMARA) Momentum Rank : 0 (As of Dec. 12, 2024)

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What is Pramara Promotions Momentum Rank?

Pramara Promotions 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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Pramara Promotions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Pramara Promotions Ltd (NSE:PRAMARA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

CTS No. 4 ETC Chandivali Farm Road, A-208, Boomerang Equity Bussi Park, Sakinaka, Andheri East, Mumbai, MH, IND, 400072

Website

http://www.pramara.com

Pramara Promotions Ltd is a promotional marketing agency. The company is engaged in the business of ideation, conceptualization, designing manufacturing, and marketing of promotional products and gift items for clients across sectors, such as FMCG, QSR, pharma, beverage companies non-alcoholic and alcoholic, cosmetic, telecom, media, and others. The company offers services such as Cross Promotions, Loyalty and rewards, Corporate Gifting, Toy Retail, Sweepstakes promotions, and more.

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