Jet Freight Logistics (BOM:543420) Momentum Rank : 0 (As of Oct. 09, 2024)

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What is Jet Freight Logistics Momentum Rank?

Jet Freight Logistics has the Momentum Rank of 0.

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.

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Jet Freight Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jet Freight Logistics Ltd (BOM:543420) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

JETFREIGHT:India

Address

Cardinal Gracious Road, Opposite P&G Corporate Park, Pramukh Plaza, 706, C wing, 7th Floor, Opposite Holy Family Church, Chakala, Andheri East, Mumbai, MH, IND, 400099

Website

https://www.jfll.com

Jet Freight Logistics Ltd is involved in business of Freight Forwarding for handling Perishable, General and time sensitive cargo and other kinds of cargo. The company is offers a wide range of Supply Chain services such as Air Cargo Door-to-Door (Air Cargo DTD) services, Surface Parcel Delivery (SPD) Services to its customers, Third Party Warehousing. Jet Freight Logistics offers wide variety of services to its clients. Apart from Perishable, Time Sensitive and General Cargo, Company's service includes Custom Clearance, Logistics Solution, Shipment of Hazardous cargo and ODC consignments.

Jet Freight Logistics Headlines

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