Vashu Bhagnani Industries (BOM:532011) Momentum Rank : 3 (As of Apr. 28, 2024)

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What is Vashu Bhagnani Industries Momentum Rank?

Vashu Bhagnani Industries has the Momentum Rank of 3.

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 Vashu Bhagnani Industries's Momentum Rank

For the Entertainment subindustry, Vashu Bhagnani Industries'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.

Vashu Bhagnani Industries's Momentum Rank Distribution in the Media - Diversified Industry

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

* The bar in red indicates where Vashu Bhagnani Industries's Momentum Rank falls into.

Vashu Bhagnani Industries Momentum Rank Related Terms

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Vashu Bhagnani Industries (BOM:532011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Vashu Bhagnani Industries Ltd (BOM:532011) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Juhu Tara Road, CTS No. 892-893, Pooja House, 1st Floor, Opposite J. W. Marriott Hotel, Juhu, Mumbai, MH, IND, 400049

Website

https://www.poojaentertainmentandfilms.in

Pooja Entertainment & Films Ltd operates in the movies and entertainment industry conducting entertainment and film activities. The company engages in entertainment and films through co-production and production of films. It exploits and distributes films in India through music release, theatrical distribution, DVD and VCD release, television licensing, and other new media distribution avenues. The company has various films released in multiple languages. Its generation of films includes biographical drama, a social thriller, science fiction adventure, action-adventure, musical action drama, romantic comedy-sports, horror-comedy, comedy-drama, thriller, among others.

Vashu Bhagnani Industries (BOM:532011) Headlines

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