United Interactive (BOM:502893) Momentum Rank : 5 (As of May. 24, 2024)

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What is United Interactive Momentum Rank?

United Interactive has the Momentum Rank of 5.

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 United Interactive's Momentum Rank

For the Capital Markets subindustry, United Interactive'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.

United Interactive's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, United Interactive's Momentum Rank distribution charts can be found below:

* The bar in red indicates where United Interactive's Momentum Rank falls into.

United Interactive Momentum Rank Related Terms

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United Interactive (BOM:502893) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » United Interactive Ltd (BOM:502893) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

602, Maker Bhavan III, 6th Floor, New Marine Lines, Mumbai, MH, IND, 400 020

Website

https://www.unitedinteractive.in

United Interactive Ltd used to provide information technology and information technology-enabled services in India. Currently, the company is engaged in trading and investment in securities. The firm generates revenue through the sale of securities.

United Interactive (BOM:502893) Headlines

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