Innovative Ideals and Services (India) (BOM:541983) Momentum Rank : 1 (As of Apr. 26, 2024)

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What is Innovative Ideals and Services (India) Momentum Rank?

Innovative Ideals and Services (India) has the Momentum Rank of 1.

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 Innovative Ideals and Services (India)'s Momentum Rank

For the Security & Protection Services subindustry, Innovative Ideals and Services (India)'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.

Innovative Ideals and Services (India)'s Momentum Rank Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Innovative Ideals and Services (India)'s Momentum Rank distribution charts can be found below:

* The bar in red indicates where Innovative Ideals and Services (India)'s Momentum Rank falls into.

Innovative Ideals and Services (India) Momentum Rank Related Terms

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Innovative Ideals and Services (India) (BOM:541983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Innovative Ideals and Services (India) Ltd (BOM:541983) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Off Ajit Glass Road, E- 202, 2nd Floor, Skypark, Near Oshiwara Garden, Oshiwara, Goregoan (West), Mumbai, MH, IND, 400104

Website

https://www.innovative.in

Innovative Ideals and Services (India) Ltd is engaged in the business of providing products and solutions in the electronics security space. It offers integrated security and surveillance solutions with high-tech electronic systems, such as Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems, and Telecom Products. Its brand name comprises of Onyx, Inok, ehomes, Yale, and others. Geographically, the activities are carried out through India.

Innovative Ideals and Services (India) (BOM:541983) Headlines

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