IndiaMART InterMESH (BOM:542726) Momentum Rank : 2 (As of May. 12, 2024)

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What is IndiaMART InterMESH Momentum Rank?

IndiaMART InterMESH 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 IndiaMART InterMESH's Momentum Rank

For the Internet Content & Information subindustry, IndiaMART InterMESH'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.

IndiaMART InterMESH's Momentum Rank Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IndiaMART InterMESH's Momentum Rank distribution charts can be found below:

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

IndiaMART InterMESH Momentum Rank Related Terms

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IndiaMART InterMESH (BOM:542726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » IndiaMART InterMESH Ltd (BOM:542726) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

INDIAMART:India

Address

Assotech Business Cresterra, 6th Floor, Tower 2, Plot No. 22, Sector 135, Noida, UP, IND, 201305

Website

https://corporate.indiamart.com

IndiaMART InterMESH Ltd operates as an online B2B marketplace for business products and services. It serves as a platform for Small and Medium Enterprises (SMEs), Large Enterprises as well as individuals. Geographically, it derives a majority of revenue from India. It earns revenue primarily through the sale of subscription packages.

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