Lancor Holdings (BOM:509048) Momentum Rank : 1 (As of Apr. 26, 2024)

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What is Lancor Holdings Momentum Rank?

Lancor Holdings has the Momentum Rank of 1.

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 Lancor Holdings's Momentum Rank

For the Real Estate - Development subindustry, Lancor Holdings'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.

Lancor Holdings's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lancor Holdings's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lancor Holdings's Momentum Rank falls into.

Lancor Holdings Momentum Rank Related Terms

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Lancor Holdings (BOM:509048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lancor Holdings Ltd (BOM:509048) » Definitions » Momentum Rank

Traded in Other Exchanges

LANCORHOL:India

Address

Number 58, G.N. Chetty Road, Arihant VTN Square, 2nd Floor, T. Nagar, Chennai, TN, IND, 600017

Website

https://www.lancor.in

Lancor Holdings Ltd operates as a property development company in India. The company is engaged in the construction and sale of residential and leasing of commercial properties. The company's business includes the development of residential, commercial, and allied activities like property rental, maintenance of property, and brokerage services to trade, sell and buy properties and leasing properties. The company projects include Kiruba Cirrus, TCP Lakefront, Corner Stone, Lumina, Town & Country, Townsville, and others.

Lancor Holdings (BOM:509048) Headlines

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