BLS Infotech (BOM:531175) Momentum Rank : 2 (As of May. 25, 2024)

View and export this data going back to 2000. Start your Free Trial

What is BLS Infotech Momentum Rank?

BLS Infotech has the Momentum Rank of 2.

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 BLS Infotech's Momentum Rank

For the Education & Training Services subindustry, BLS Infotech'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.

BLS Infotech's Momentum Rank Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, BLS Infotech's Momentum Rank distribution charts can be found below:

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

BLS Infotech Momentum Rank Related Terms

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

BLS Infotech (BOM:531175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » BLS Infotech Ltd (BOM:531175) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 / 1A Upper Wood Street, Kolkata, WB, IND, 700017

Website

http://www.blsinfotech.com

BLS Infotech Ltd is the provider of IT-enabled and related IT services. In addition, the company also engaged in the trading of computers and their peripherals. The company also supply of software kits as per the requirements of its customers and supply of hardware peripherals in a capacity as order suppliers. Substantial revenue is generated from the Indian market. The company is engaged in the business of promoting skill-based knowledge in the field of computer education and have its center in Orissa.

BLS Infotech (BOM:531175) Headlines

No Headlines