Garnet Construction (BOM:526727) Momentum Rank : 9 (As of May. 28, 2024)

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What is Garnet Construction Momentum Rank?

Garnet Construction has the Momentum Rank of 9.

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 Garnet Construction's Momentum Rank

For the Real Estate - Development subindustry, Garnet Construction'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.

Garnet Construction's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Garnet Construction's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Garnet Construction's Momentum Rank falls into.

Garnet Construction Momentum Rank Related Terms

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Garnet Construction (BOM:526727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Garnet Construction Ltd (BOM:526727) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

New Link Road, 501/531, Laxmi Mall, Laxmi Industrial Estate, Andheri (West), Mumbai, MH, IND, 400053

Website

http://www.garnetconstructions.com

Garnet Construction Ltd is an India based real estate development company. It is principally engaged in the construction and sale of industrial, residential, and commercial plots. The residential projects of the company are Pyramid, Brillante, and Magic Hills; the commercial project is Garnet Palladium, and the industrial projects are Arkose Industrial Estate and Aditya Industrial Estate. It derives maximum revenue from the sale of land and plots. The group primarily operates in India.

Garnet Construction (BOM:526727) Headlines

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