Prism Finance (BOM:531735) Momentum Rank : 9 (As of May. 16, 2024)

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What is Prism Finance Momentum Rank?

Prism Finance 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 Prism Finance's Momentum Rank

For the Capital Markets subindustry, Prism Finance'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.

Prism Finance's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prism Finance's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Prism Finance's Momentum Rank falls into.

Prism Finance Momentum Rank Related Terms

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Prism Finance (BOM:531735) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Prism Finance Ltd (BOM:531735) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Satellite Road, 301, Iscon Mall, Above Star India Bazar, Ahmedabad, GJ, IND, 380 015

Website

http://www.prismfinance.in

Prism Finance Ltd is an Indian Non-Banking Financial Company that is engaged in the business of financial services. It provides loans, advances, leases, bill discounting, higher purchases, and another form of finance. The company also makes an investment in shares and securities, trading as well as dealing in shares and securities. The company conducts all of its operations within India.

Prism Finance (BOM:531735) Headlines

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