DB (International) Stock Brokers (BOM:530393) Momentum Rank : 6 (As of Jun. 14, 2024)

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What is DB (International) Stock Brokers Momentum Rank?

DB (International) Stock Brokers has the Momentum Rank of 6.

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 DB (International) Stock Brokers's Momentum Rank

For the Capital Markets subindustry, DB (International) Stock Brokers'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.

DB (International) Stock Brokers's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, DB (International) Stock Brokers's Momentum Rank distribution charts can be found below:

* The bar in red indicates where DB (International) Stock Brokers's Momentum Rank falls into.

DB (International) Stock Brokers Momentum Rank Related Terms

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DB (International) Stock Brokers (BOM:530393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » DB (International) Stock Brokers Ltd (BOM:530393) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

DBSTOCKBRO:India

Address

27 Barakhamba Road, 114, New Delhi House, New Delhi, IND, 110001

Website

https://www.dbonline.in

DB (International) Stock Brokers Ltd is an India-based company engaged in the business of stockbroking activities and provides Depository Participant services of CDSL. The company offers online trading, initial public offer (IPO) and mutual fund services. In addition, it also provides Non-Resident Indian offerings including equity trading, derivatives trading, investment in the mutual fund, and investment in IPO, procurement of permanent account number card and procurement of Reserve Bank of India (RBI) permission.

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