Infibeam Avenues (NSE:INFIBEAM) Momentum Rank : 9 (As of May. 25, 2024)

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What is Infibeam Avenues Momentum Rank?

Infibeam Avenues has the Momentum Rank of 9.

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 Infibeam Avenues's Momentum Rank

For the Software - Infrastructure subindustry, Infibeam Avenues'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.

Infibeam Avenues's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Infibeam Avenues's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Infibeam Avenues's Momentum Rank falls into.

Infibeam Avenues Momentum Rank Related Terms

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Infibeam Avenues (NSE:INFIBEAM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infibeam Avenues Ltd (NSE:INFIBEAM) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

539807:India

Address

Road-5C, Zone-5, Gift City, 28th Floor, GIFT Two Building, Block No. 56, Taluka and District - Gandhinagar, Gandhinagar, GJ, IND, 382355

Website

https://www.ia.ooo

Infibeam Avenues Ltd is engaged in the business of software development services, maintenance, web development, payment gateway services, e-commerce, and other ancillary services. The company's geographical segment includes India, UAE, and other countries. It derives a majority of revenue from India. The company online selling solutions include BuildaBazaar and Infibeam.com.

Infibeam Avenues (NSE:INFIBEAM) Headlines

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