Gujarat Pipavav Port (BOM:533248) Momentum Rank : 6 (As of Jun. 07, 2024)

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What is Gujarat Pipavav Port Momentum Rank?

Gujarat Pipavav Port has the Momentum Rank of 6.

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 Gujarat Pipavav Port's Momentum Rank

For the Marine Shipping subindustry, Gujarat Pipavav Port'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.

Gujarat Pipavav Port's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Gujarat Pipavav Port's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gujarat Pipavav Port's Momentum Rank falls into.

Gujarat Pipavav Port Momentum Rank Related Terms

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Gujarat Pipavav Port (BOM:533248) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Gujarat Pipavav Port Ltd (BOM:533248) » Definitions » Momentum Rank

Traded in Other Exchanges

GPPL:India

Address

501-502, Godrej Two Pirojshanagar, Vikhroli East, Mumbai, MH, IND, 400079

Website

https://www.pipavav.com

Gujarat Pipavav Port Ltd is a terminal port operator. The company constructs maintains and operates a terminal port at Pipavav in Gujarat, India. The firm's port facilitates imports and exports of dry bulk cargo, namely coal and fertilizer, liquid cargo, including liquid petroleum gas; and roll-on/roll-off cargo, principally passenger vehicles. The company also provides material handling services, and cargo storage and warehousing services. It operates only in one Business Segment i.e. 'Port Services'. The company is headquartered in India and generates revenue domestically.

Gujarat Pipavav Port (BOM:533248) Headlines

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