Genus Power Infrastructures (BOM:530343) Momentum Rank : 3 (As of May. 25, 2024)

View and export this data going back to 1995. Start your Free Trial

What is Genus Power Infrastructures Momentum Rank?

Genus Power Infrastructures 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 Genus Power Infrastructures's Momentum Rank

For the Electrical Equipment & Parts subindustry, Genus Power Infrastructures'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.

Genus Power Infrastructures's Momentum Rank Distribution in the Industrial Products Industry

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

* The bar in red indicates where Genus Power Infrastructures's Momentum Rank falls into.

Genus Power Infrastructures Momentum Rank Related Terms

Thank you for viewing the detailed overview of Genus Power Infrastructures's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Genus Power Infrastructures (BOM:530343) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Genus Power Infrastructures Ltd (BOM:530343) » Definitions » Momentum Rank

Traded in Other Exchanges

GENUSPOWER:India

Address

Tonk Road, SPL-3, RIICO Industrial Area, Sitapura, Jaipur, RJ, IND, 302022

Website

https://www.genuspower.com

Genus Power Infrastructures Ltd is engaged in manufacturing/providing metering and metering solutions and undertaking engineering, construction, and contracts on a turnkey basis. It operates through the power segment. The company's metering solutions include a range of electricity meters, such as multi-functional single-phase and three-phase meters, current transformer (CT)-operated meters, availability-based tariff (ABT), and grid meters, distribution transformer (DT) meters, pre-payment meters, and smart meters, among others. The engineering construction and contracts business undertakes turnkey power projects, such as sub-station erection, laying up of transmission and distribution lines, rural electrification, switchyards, and network refurbishment.

Genus Power Infrastructures (BOM:530343) Headlines

No Headlines