RailTel of India (NSE:RAILTEL) Momentum Rank : 6 (As of Jun. 11, 2024)

View and export this data going back to 2021. Start your Free Trial

What is RailTel of India Momentum Rank?

RailTel of India has the Momentum Rank of 6.

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 RailTel of India's Momentum Rank

For the Telecom Services subindustry, RailTel of India'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.

RailTel of India's Momentum Rank Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, RailTel of India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where RailTel of India's Momentum Rank falls into.

RailTel of India Momentum Rank Related Terms

Thank you for viewing the detailed overview of RailTel of India's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

RailTel of India (NSE:RAILTEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » RailTel Corporation of India Ltd (NSE:RAILTEL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

543265:India

Address

Tower-2, East Kidwai Nagar, Plate - A, 6th Floor, Office Block, South Delhi, New Delhi, IND, 110023

Website

https://www.railtelindia.com

RailTel Corporation of India Ltd is a neutral telecom infrastructure provider in the country. It owns a pan-India optic fiber network on an exclusive Right of Way along the Railway track. The company's operating segment includes Telecom Services and Project Work services. It generates maximum revenue from the Telecom Services segment. The telecom services segment of the company provides services such as Managed Data Services; Leased Lines; Virtual Private Networks; Internet Leased Lines; Data Centre; Tower collocation and others; and the project work services involve the following projects; National Optical Fiber Networks, Telecom and IT services related projects, and Enterprise specific IT & ITES Projects.

RailTel of India (NSE:RAILTEL) Headlines

No Headlines