JSW Holdings (BOM:532642) Momentum Rank : 10 (As of May. 29, 2024)

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What is JSW Holdings Momentum Rank?

JSW Holdings has the Momentum Rank of 10.

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 JSW Holdings's Momentum Rank

For the Conglomerates subindustry, JSW Holdings'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.

JSW Holdings's Momentum Rank Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, JSW Holdings's Momentum Rank distribution charts can be found below:

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

JSW Holdings Momentum Rank Related Terms

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JSW Holdings (BOM:532642) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » JSW Holdings Ltd (BOM:532642) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JSWHL:India

Address

JSW Centre, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.jsw.in

JSW Holdings Ltd is a conglomerate company with businesses in steel, energy, infrastructure, and cement. Its primary business segment is Investing and Financing. It derives revenue from Interest Income, Dividend Income, and Pledge Fees. Product offering under Steel includes Hot Rolled, Cold Rolled, Color Coated Products, Galvanized, Galvalume, Avante Steel Doors, and Light Steel Building solutions. The infrastructure business develops seaports and terminals, shipyards, townships, port-based special economic zone, industrial clusters, and last-mile connectivity projects.

JSW Holdings (BOM:532642) Headlines

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