Poddar Housing and Development (BOM:523628) Momentum Rank : 2 (As of Apr. 26, 2024)

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What is Poddar Housing and Development Momentum Rank?

Poddar Housing and Development has the Momentum Rank of 2.

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 Poddar Housing and Development's Momentum Rank

For the Real Estate - Development subindustry, Poddar Housing and Development'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.

Poddar Housing and Development's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Poddar Housing and Development's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Poddar Housing and Development's Momentum Rank falls into.

Poddar Housing and Development Momentum Rank Related Terms

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Poddar Housing and Development (BOM:523628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Poddar Housing and Development Ltd (BOM:523628) » Definitions » Momentum Rank

Traded in Other Exchanges

PODDARHOUS:India

Address

126, N.M. Joshi Marg, Poddar Group Building, Unit Number 3 and 5, Neeru Silk Mills, Mathuradas Mills Compound, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

http://www.poddarhousing.com

Poddar Housing and Development Ltd is engaged in the real estate business. It is involved in the construction, development and sale of the real estate segment. The company operates under various brands that are Poddar Svakam, Poddar Anantah, and Poddar Spraha. The sale of properties generate maximum revenue for the company. Its project consists of Samruddhi Evergreens, Samruddhi Complex, Poddar Svakam Vihar, and others. The company operates in the Indian region.

Poddar Housing and Development (BOM:523628) Headlines

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