Accuracy Shipping (NSE:ACCURACY) Momentum Rank : 3 (As of Jun. 05, 2024)

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What is Accuracy Shipping Momentum Rank?

Accuracy Shipping 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 Accuracy Shipping's Momentum Rank

For the Integrated Freight & Logistics subindustry, Accuracy Shipping'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.

Accuracy Shipping's Momentum Rank Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Accuracy Shipping's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Accuracy Shipping's Momentum Rank falls into.

Accuracy Shipping Momentum Rank Related Terms

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Accuracy Shipping (NSE:ACCURACY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Accuracy Shipping Ltd (NSE:ACCURACY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Indian Oil Pump Road, ASL House, Survey No. 42, Plot No. 11, Meghpar Borichi, Near Genus Factory, Anjar, Kachchh, GJ, IND, 370110

Website

https://www.aslindia.net

Accuracy Shipping Ltd is a logistics service provider in India. It offers customized and ends to end logistics solutions and services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and value-added services. It offers freight services for the export and import of cargo by multiple modes of transport such as sea, road and air.

Accuracy Shipping (NSE:ACCURACY) Headlines

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