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Rajvi Logitrade (BOM:511185) Momentum Rank : 0 (As of Apr. 25, 2024)


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What is Rajvi Logitrade Momentum Rank?

Rajvi Logitrade 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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Rajvi Logitrade (BOM:511185) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Rajvi Logitrade Ltd (BOM:511185) » Definitions » Momentum Rank
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BOM:512591 BOM:531505 BOM:531515 BLK BX TSX:BAM.A OSTO:INVE A BK APO KKR AMP TROW XSWX:PGHN OSTO:EQT STT NTRS LSE:LGEN LSE:III OSTO:LATO B CG
Traded in Other Exchanges
N/A
Address
Rajiv House, Plot No. 109, Sector 8, Kutch, Gandhidham, GJ, IND, 370201
Website
https://www.rajvilogitrade.com
Rajvi Logitrade Ltd is an India-based company engaged in the business of logistics, transportation by road, Rail, Sea, and air, cargo handling, warehousing, stevedoring, clearing, forwarding, supply chain management, chartering, brokering, and Exim Advice. It provides a package of merchant banking service and finances industrial enterprises and act as a broker, dealer, and agent.

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