Momentum Portfolio Metrics – January 2018

This page is part of analysis of momentum stock portfolios of Nifty 500 stocks using Rolling Momentum Stock Portfolio Strategy. For more, read the article.

On this page, we track the performance and draw-down metrics of the January 2018 momentum stock portfolio for top 10, 20 & 30 momentum stocks and compare it to the Nifty 50 and Nifty 500 index benchmarks.  The charts will get updated every day at 8 PM IST after the market closes.

Here is the list of top 30 momentum stocks for January 2018 (list is generated at December 2017 end & portfolio entered at closing prices on the first market working day of the January 2018 , 2017).

Date Symbol Close Momentum Score
Date Symbol Close Momentum Score

Performance of previous momentum portfolios can be tracked on June, July, August, SeptemberOctober November and December month momentum portfolio pages.

Posted in Stocks, Technical Analysis.

16 Comments

  1. Hi
    This is an excellent strategy. I have 2 queries – 1) Would like to know whether you have back tested less than 10 stocks (say top 5 stocks only) – to check whether the returns are higher in that case and
    2) In this strategy, we hold on to the purchased stocks for the holding period (say 12 months) irrespective of whether they qualify or not from 2nd month onwards…Then, after the holding period is over, we immediately sell those stock holdings that were no longer qualifying as momentum stocks – Right?
    Thanks

  2. Thanks for the quick reply. After reading the original article and related questions just now, I have another query –

    What is the reason for recommending a 4 month investment interval for a 12 month holding period and 2 month interval for 6 month holding period?

    Alternatively, is it OK if I just invest 10K every month into each of the top 10 stocks like a SIP and relook at the 1st investment of 1 lac after 12 months to filter out the drop outs…and repeat the process for 13th month and so on…would that be aligned with the recommended strategy?

    • The interval is to have overlapping portfolios of 3 tranches in order to catch the different momentum stocks at regular intervals instead of going in all at once.

      You can invest how much ever you want. Just buy 10 stocks giving equal weight for each stock.

  3. Dear Raghunath,
    Have you uploaded your new web based app for hedging these portfolio ? You were to launch it today as per your update on twitter.

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  6. Dear Raghunath,
    I have tried to compute the rolling momentum for NSE 500 stocks taking reference as 31.12.2016 and upto 12 months i.e., 31.12.2017. The following is the list of top 30 stocks I have obtained. Can you pls clarify where I have gone wrong ?
    HEG 1446%
    IBVENTURES 1186%
    GRAPHITE 874%
    RAIN 574%
    VENKEYS 530%
    BOMDYEING 470%
    AVANTIFEED 417%
    HSCL 356%
    PHILIPCARB 334%
    DBL 334%
    MINDAIND 309%
    FRETAIL 301%
    ADANITRANS 293%
    FCONSUMER 278%
    SUNTECK 274%
    KOLTEPATIL 267%
    GVKPIL 236%
    BBTC 225%
    VMART 217%
    JPASSOCIAT 213%
    VAKRANGEE 206%
    STRTECH 204%
    IFBIND 203%
    EDELWEISS 201%
    VIPIND 197%
    IBREALEST 195%
    JINDALSTEL 191%
    RKFORGE 187%
    MOTILALOFS 185%
    ITI 181%

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