NCC (NSE:NCC) Momentum Rank : 6 (As of May. 17, 2024)

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What is NCC Momentum Rank?

NCC has the Momentum Rank of 6.

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 NCC's Momentum Rank

For the Engineering & Construction subindustry, NCC'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.

NCC's Momentum Rank Distribution in the Construction Industry

For the Construction industry and Industrials sector, NCC's Momentum Rank distribution charts can be found below:

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

NCC Momentum Rank Related Terms

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NCC (NSE:NCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NCC Ltd (NSE:NCC) » Definitions » Momentum Rank

Traded in Other Exchanges

500294:India

Address

NCC House, Madhapur, Hyderabad, TG, IND, 500 081

Website

http://www.ncclimited.com

NCC Ltd is an India-based company engaged in the construction sector through its two subsidiaries, NCC Urban and NCC Infra. NCC Urban focuses on the development of residential and commercial complexes, serviced apartments, integrated townships, and so on. NCC Infra undertakes the development of infrastructure projects through government concessions. Infrastructure projects developed by the company include roads, bridges, flyovers, water supply and environment projects, power transmission lines, irrigation, and hydrothermal power projects. NCC generates substantially all its sales from the Indian domestic market.

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