GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Prestige Estates Projects Ltd (BOM:533274) » Definitions » Momentum Rank

Prestige Estates Projects (BOM:533274) Momentum Rank : 9 (As of May. 11, 2024)


View and export this data going back to 2010. Start your Free Trial

What is Prestige Estates Projects Momentum Rank?

Prestige Estates Projects 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 Prestige Estates Projects's Momentum Rank

For the Real Estate - Diversified subindustry, Prestige Estates Projects'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.


Prestige Estates Projects's Momentum Rank Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Prestige Estates Projects's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Prestige Estates Projects's Momentum Rank falls into.



Prestige Estates Projects Momentum Rank Related Terms

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


Prestige Estates Projects (BOM:533274) Business Description

Traded in Other Exchanges
Address
No. 19, Brunton Road, Prestige Falcon Tower, Bangalore, KA, IND, 560025
Prestige Estates Projects Ltd is a real estate development group operating in South India, including in the cities of Chennai, Hyderabad, Kochi, Mysuru, Mangaluru, and Goa. The Prestige Group's property portfolio covers the residential, commercial, retail, property management, and hospitality segments. Projects include landmark malls, large townships, tech parks, hotels, and luxury villas. Most of the company's completed projects come from its Residential segment, while the overwhelming majority of new projects are also from its residential segment. The company generates the majority of its revenue from the Residential segment.

Prestige Estates Projects (BOM:533274) Headlines

No Headlines