3i Infotech (BOM:532628) Momentum Rank : 4 (As of May. 26, 2024)

View and export this data going back to 2005. Start your Free Trial

What is 3i Infotech Momentum Rank?

3i Infotech 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 3i Infotech's Momentum Rank

For the Information Technology Services subindustry, 3i Infotech'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.

3i Infotech's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, 3i Infotech's Momentum Rank distribution charts can be found below:

* The bar in red indicates where 3i Infotech's Momentum Rank falls into.

3i Infotech Momentum Rank Related Terms

Thank you for viewing the detailed overview of 3i Infotech's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

3i Infotech (BOM:532628) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » 3i Infotech Ltd (BOM:532628) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

3IINFOLTD:India

Address

International Infotech Park, Tower No. 5, 3rd to 6th Floors, Vashi, Navi Mumbai, MH, IND, 400703

Website

https://www.3i-infotech.com

3i Infotech Ltd is an information technology company. It provides a set of Internet protocol (IP)-based software solutions with a range of IT services. The firm operates through two segments: IT Solutions and Transaction Services. The IT Solutions segment includes the sale of IT products developed by the company and provides IT services to various companies on an outsourcing business model. It includes packaged applications for the banking, insurance, capital markets, asset and wealth management (BFSI) space, and an enterprise resource planning (ERP) suite. The Transaction Services segment covers the management of back-office operations for BFSI clients. Through transaction service offerings, the firm provides clients with services, such as human resources and payroll management services.

3i Infotech (BOM:532628) Headlines

No Headlines