Shalimar Productions (BOM:512499) Momentum Rank : 4 (As of Apr. 28, 2024)

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What is Shalimar Productions Momentum Rank?

Shalimar Productions has the Momentum Rank of 4.

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 Shalimar Productions's Momentum Rank

For the Entertainment subindustry, Shalimar Productions'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.

Shalimar Productions's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Shalimar Productions's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shalimar Productions's Momentum Rank falls into.

Shalimar Productions Momentum Rank Related Terms

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Shalimar Productions (BOM:512499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shalimar Productions Ltd (BOM:512499) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. B-31, Off Link Road, A-9, Shree Siddhivinayak Plaza, Andheri (West), Mumbai, MH, IND, 400053

Website

http://www.shalimarpro.com

Shalimar Productions Ltd is engaged in the productions and distribution of motion picture, video, and television programme production activities. The company has produced various regional albums and movies. The company has an outdoor studio "Visagar-Suranjana Studio" which trains students in performance arts. The firm has developed several media albums and short films in the Rajasthani language.

Shalimar Productions (BOM:512499) Headlines

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