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Silicon Valley Infotech (BOM:531738) Momentum Rank : 0 (As of Jun. 08, 2024)


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What is Silicon Valley Infotech Momentum Rank?

Silicon Valley Infotech has the Momentum Rank of 0.

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.

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Silicon Valley Infotech (BOM:531738) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Silicon Valley Infotech Ltd (BOM:531738) » Definitions » Momentum Rank
Comparable Companies
BOM:505520 BOM:526071 BOM:531568 BOM:538433 BOM:511585 BOM:531327 MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW HKSE:03908 SHSE:601688 LPLA SHSE:601211 SHSE:600999
Traded in Other Exchanges
N/A
Address
10, Princep Street, 2nd Floor, Kolkata, WB, IND, 700072
Website
https://www.siliconvalleyinfo.co.in
Silicon Valley Infotech Ltd is a non-banking financial corporation involved in fund-based activities. It is engaged in the financial services business by way of lending and investments in shares and securities.

Silicon Valley Infotech (BOM:531738) Headlines

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