Svaraj Trading & Agencies (BOM:503624) Momentum Rank : 1 (As of May. 25, 2024)

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What is Svaraj Trading & Agencies Momentum Rank?

Svaraj Trading & Agencies 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 Svaraj Trading & Agencies's Momentum Rank

For the Capital Markets subindustry, Svaraj Trading & Agencies'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.

Svaraj Trading & Agencies's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Svaraj Trading & Agencies's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Svaraj Trading & Agencies's Momentum Rank falls into.

Svaraj Trading & Agencies Momentum Rank Related Terms

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Svaraj Trading & Agencies (BOM:503624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Svaraj Trading & Agencies Ltd (BOM:503624) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jagannath Sunkersett Road, Office No. 30, 2nd floor, 380/82 Amruteshwar Co-operative Housing Soc. Ltd, Mumbai, MH, IND, 400002

Website

http://www.svarajtrading.in

Svaraj Trading & Agencies Ltd is principally engaged in the business of trading and investment in securities. The products and services offered by the company include trading agencies business and allied activities business.

Svaraj Trading & Agencies (BOM:503624) Headlines

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