Shreyas Shipping & Logistics (BOM:520151) Momentum Rank : 5 (As of May. 17, 2024)

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What is Shreyas Shipping & Logistics Momentum Rank?

Shreyas Shipping & Logistics 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 Shreyas Shipping & Logistics's Momentum Rank

For the Marine Shipping subindustry, Shreyas Shipping & Logistics'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.

Shreyas Shipping & Logistics's Momentum Rank Distribution in the Transportation Industry

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

* The bar in red indicates where Shreyas Shipping & Logistics's Momentum Rank falls into.

Shreyas Shipping & Logistics Momentum Rank Related Terms

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Shreyas Shipping & Logistics (BOM:520151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shreyas Shipping & Logistics Ltd (BOM:520151) » Definitions » Momentum Rank

Traded in Other Exchanges

SHREYAS:India

Address

Plot No. R1, Sector - 40, D 301-305, Level 3, Tower II, Seawoods Grand Central, Nerul Node, Navi Mumbai, MH, IND, 400706

Website

https://www.transworld.com

Shreyas Shipping & Logistics Ltd is an India-based company, engaged in the provision of shipping and logistics services. It is also engaged in freight forwarding services including air import/export, sea import/export, and customs house agent. The company generates a vast majority of its revenue within India. Its only operating segment is Shipping.

Shreyas Shipping & Logistics (BOM:520151) Headlines

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