Reliance Power (BOM:532939) Momentum Rank : 8 (As of May. 31, 2024)

View and export this data going back to 2008. Start your Free Trial

What is Reliance Power Momentum Rank?

Reliance Power has the Momentum Rank of 8.

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 Reliance Power's Momentum Rank

For the Utilities - Independent Power Producers subindustry, Reliance Power'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.

Reliance Power's Momentum Rank Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Reliance Power's Momentum Rank distribution charts can be found below:

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

Reliance Power Momentum Rank Related Terms

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

Reliance Power (BOM:532939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Reliance Power Ltd (BOM:532939) » Definitions » Momentum Rank

Traded in Other Exchanges

RPOWER:India

Address

19, Walchand Hirachand Marg, Reliance Centre, Ground Floor, Ballard Estate, Mumbai, MH, IND, 400 001

Website

https://www.reliancepower.co.in

Reliance Power Ltd is an electric utility that constructs, develops, and operates power generation projects. Generation of power is its lone operating segment and includes all of the firm's projects. Categorized as either operating, under construction, or under development, these projects generate electricity using thermal fuel sources or renewable resources. Sizable coal reserves in central India and Indonesia drive coal-based power projects. Renewable resource projects leverage solar, hydro, and wind power. Reliance derives its revenue from the sale of energy, but support service agreements contribute as well.

Reliance Power (BOM:532939) Headlines

No Headlines