Ksolves India (NSE:KSOLVES) Momentum Rank : 7 (As of Jun. 09, 2024)

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What is Ksolves India Momentum Rank?

Ksolves India has the Momentum Rank of 7.

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 Ksolves India's Momentum Rank

For the Software - Application subindustry, Ksolves India'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.

Ksolves India's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Ksolves India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Ksolves India's Momentum Rank falls into.

Ksolves India Momentum Rank Related Terms

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Ksolves India (NSE:KSOLVES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ksolves India Ltd (NSE:KSOLVES) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

543599:India

Address

Parexl, B-4, 1st Floor, B-Block, Sector 63, Noida, UP, IND, 201301

Website

https://www.ksolves.com

Ksolves India Ltd is a certified software service and product company offering solutions that enable client organizations to rapidly develop powerful applications addressing their business needs. This may include automation of routine business functions, making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed. It is engaged in software development, enterprise solutions and consulting, providing a range of Information Technology (IT) solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare. It comprises single-segment software development services.

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