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Aarcon Facilities (BOM:532024) Momentum Rank : 0 (As of Jun. 11, 2024)


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What is Aarcon Facilities Momentum Rank?

Aarcon Facilities has the Momentum Rank of 0.

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.

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Aarcon Facilities (BOM:532024) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aarcon Facilities Ltd (BOM:532024) » Definitions » Momentum Rank
Comparable Companies
BOM:511664 BOM:532392 BOM:532350 BOM:541799 HKSE:08078 BOM:532035 NGM:NXAR BOM:531668 BOM:531898 BOM:532025 NGM:N55 OSL:WRE-ME BOM:531925 BOM:590126 BOM:526483 BOM:531420 BOM:531910 BOM:539352 BOM:532378 BOM:531692
Traded in Other Exchanges
N/A
Address
Old Padra Road, 401-402, Earth Complex, Opposite Vaccine Institute, Vadodara, GJ, IND, 390015
Website
http://www.aarcongroup.com
Aarcon Facilities Ltd is engaged in the construction business. It carries out construction work on own account basis or a fee or contract basis. It is also engaged in managing the hotels, restaurant, among others.

Aarcon Facilities (BOM:532024) Headlines

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