HBL Power Systems (BOM:517271) Momentum Rank : 3 (As of May. 24, 2024)

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What is HBL Power Systems Momentum Rank?

HBL Power Systems 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 HBL Power Systems's Momentum Rank

For the Electrical Equipment & Parts subindustry, HBL Power Systems'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.

HBL Power Systems's Momentum Rank Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, HBL Power Systems's Momentum Rank distribution charts can be found below:

* The bar in red indicates where HBL Power Systems's Momentum Rank falls into.

HBL Power Systems Momentum Rank Related Terms

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HBL Power Systems (BOM:517271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HBL Power Systems Ltd (BOM:517271) » Definitions » Momentum Rank

Traded in Other Exchanges

HBLPOWER:India

Address

Road No. 10, Door No. 8-2-616, Plot No. 4, Banjara Hills, Behind Minerva Grand Hotel, Hyderabad, TG, IND, 500 034

Website

https://www.hbl.in

HBL Power Systems Ltd is engaged in the designing, developing, and manufacturing of different types of Batteries including Lead Acid, NiCad, Silver Zinc, Lithium; Railway and Defence Electronics, Solar Photovoltaic Modules, and other products. The Company operates its business under three segments namely industrial batteries, Defence & Aviation, and Electronics. The company has a presence in America, Europe, and the Middle East. It generates a vast majority of the revenues from the batteries segment within India.

HBL Power Systems (BOM:517271) Headlines

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