Adani Ports & Special Economic Zone (BOM:532921) Momentum Rank : 10 (As of Apr. 26, 2024)

View and export this data going back to 2007. Start your Free Trial

What is Adani Ports & Special Economic Zone Momentum Rank?

Adani Ports & Special Economic Zone has the Momentum Rank of 10.

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 Adani Ports & Special Economic Zone's Momentum Rank

For the Marine Shipping subindustry, Adani Ports & Special Economic Zone'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.

Adani Ports & Special Economic Zone's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Adani Ports & Special Economic Zone's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Adani Ports & Special Economic Zone's Momentum Rank falls into.

Adani Ports & Special Economic Zone Momentum Rank Related Terms

Thank you for viewing the detailed overview of Adani Ports & Special Economic Zone's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Adani Ports & Special Economic Zone (BOM:532921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Adani Ports & Special Economic Zone Ltd (BOM:532921) » Definitions » Momentum Rank

Traded in Other Exchanges

ADANIPORTS:India

Address

Near Vaishno Devi Circle, S. G. Highway, Adani Corporate House, Shantigram, Khodiyar, Ahmedabad, GJ, IND, 382421

Website

https://www.adaniports.com

Adani Ports & Special Economic Zone Ltd is a port infrastructure company domiciled in India. The company owns, operates, develops, and maintains port terminals and port infrastructure in India, including operating and developing infrastructure at the Special Economic Zone in Mundra. Adani Ports & Special Economic Zone also owns and operates a private railway to transport container cargo, and provides storage, handling, and other logistics services. It has one business segment, namely developing, operating and maintaining the ports services, ports-related Infrastructure development activities and development of infrastructure at contiguous Special Economic Zone at Mundra. The company generates the vast majority of revenue domestically.

Adani Ports & Special Economic Zone (BOM:532921) Headlines

No Headlines