Picturehouse Media (BOM:532355) Momentum Rank : 4 (As of May. 26, 2024)

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What is Picturehouse Media Momentum Rank?

Picturehouse Media has the Momentum Rank of 4.

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 Picturehouse Media's Momentum Rank

For the Entertainment subindustry, Picturehouse Media'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.

Picturehouse Media's Momentum Rank Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Picturehouse Media's Momentum Rank distribution charts can be found below:

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

Picturehouse Media Momentum Rank Related Terms

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Picturehouse Media (BOM:532355) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Picturehouse Media Ltd (BOM:532355) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road Number 2, Banjara Hills, Plot Number 83 and 84, 4th Floor, Punnaiah Plaza, Hyderabad, TG, IND, 500034

Website

https://www.pvpcinema.com

Picturehouse Media Ltd is an Indian firm engaged in film production and movie financing related activities. It operates only in Entertainment segment. The group derives revenue from movie finance and distribution and exhibition of film and other rights. It specializes in the production and financing or funding of movies.

Picturehouse Media (BOM:532355) Headlines

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