Praxis Home Retail (NSE:PRAXIS) Momentum Rank : 3 (As of May. 04, 2025)

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What is Praxis Home Retail Momentum Rank?

Praxis Home Retail has the Momentum Rank of 3.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Praxis Home Retail's Momentum Rank

For the Specialty Retail subindustry, Praxis Home Retail'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.

Praxis Home Retail's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Praxis Home Retail's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Praxis Home Retail's Momentum Rank falls into.

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Praxis Home Retail Momentum Rank Related Terms

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Praxis Home Retail Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Praxis Home Retail Ltd (NSE:PRAXIS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

540901:India

Address

iThink Techno Campus, Kanjumarg (East), Ground Floor, Jolly Board Tower D, Mumbai, MH, IND, 400 042

Website

https://www.praxisretail.in

Praxis Home Retail Ltd is engaged in the provision of home retail solutions in India. The company offers various furniture, homeware, decor, furnishings, modular kitchen, kitchenware, and bathroom accessories. In addition, it also renders interior design consultation and services for homes and offices.

Praxis Home Retail Headlines

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