iStreet Network (BOM:524622) Momentum Rank : 2 (As of May. 21, 2024)

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What is iStreet Network Momentum Rank?

iStreet Network has the Momentum Rank of 2.

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 iStreet Network's Momentum Rank

For the Internet Retail subindustry, iStreet Network'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.

iStreet Network's Momentum Rank Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, iStreet Network's Momentum Rank distribution charts can be found below:

* The bar in red indicates where iStreet Network's Momentum Rank falls into.

iStreet Network Momentum Rank Related Terms

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iStreet Network (BOM:524622) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » iStreet Network Ltd (BOM:524622) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linking Road, Unit No. 107, Sonal Industrial Estate, Kanchpada, Malad (West), Mumbai, MH, IND, 400064

Website

https://www.istreetnetwork.com

iStreet Network Ltd is engaged in the digital marketing and e-commerce business. It sells products and services through its internet retail stores, iStreet Bazaar, through its platform and network stores, offers products and brands to customers in smaller towns and villages. The company operates in only one segment - Internet and Retail Catalogue.

iStreet Network (BOM:524622) Headlines

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