India Power (NSE:DPSCLTD) Momentum Rank : 8 (As of May. 19, 2024)

View and export this data going back to 2008. Start your Free Trial

What is India Power Momentum Rank?

India Power has the Momentum Rank of 8.

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 India Power's Momentum Rank

For the Utilities - Regulated Electric subindustry, India Power'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.

India Power's Momentum Rank Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, India Power's Momentum Rank distribution charts can be found below:

* The bar in red indicates where India Power's Momentum Rank falls into.

India Power Momentum Rank Related Terms

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

India Power (NSE:DPSCLTD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » India Power Corp Ltd (NSE:DPSCLTD) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. X1 - 2 and 3, Block - EP, Sector - V, Salt Lake City, Kolkata, WB, IND, 700 091

Website

https://www.indiapower.com

India Power Corp Ltd is an India based power generation and utility company. It is involved in the renewable and conventional modes of power generation, distribution, and power trading. Along with conventional modes of power generation, it harnesses wind and solar energies to increase power generation capacity. The company's business segments are Regulated operation and Non-Regulated operations.

India Power (NSE:DPSCLTD) Headlines

No Headlines