Kashyap Tele-Medicines (BOM:531960) Momentum Rank : 1 (As of May. 29, 2024)

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What is Kashyap Tele-Medicines Momentum Rank?

Kashyap Tele-Medicines has the Momentum Rank of 1.

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 Kashyap Tele-Medicines's Momentum Rank

For the Software - Application subindustry, Kashyap Tele-Medicines'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.

Kashyap Tele-Medicines's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Kashyap Tele-Medicines's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kashyap Tele-Medicines's Momentum Rank falls into.

Kashyap Tele-Medicines Momentum Rank Related Terms

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Kashyap Tele-Medicines (BOM:531960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kashyap Tele-Medicines Ltd (BOM:531960) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Panchwati,1st Lane, UL/8, Upper Floor, Suryarath Complex, Ambawadi, Ahmedabad, GJ, IND, 380006

Website

https://www.kashyaptele-medicines.com

Kashyap Tele-Medicines Ltd is engaged in Information technologies-related business activities. It is involved in developing software, Internet services, and other allied services. In addition, the company is also engaged in Data processing, Hosting, Computer systems design, and others. It derives its revenues from the sale of information technologies and has operations spread across India.

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