Motilal Oswal Financial Services (BOM:532892) Momentum Rank : 1 (As of Jun. 04, 2024)

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What is Motilal Oswal Financial Services Momentum Rank?

Motilal Oswal Financial Services has the Momentum Rank of 1.

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 Motilal Oswal Financial Services's Momentum Rank

For the Capital Markets subindustry, Motilal Oswal Financial Services'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.

Motilal Oswal Financial Services's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Motilal Oswal Financial Services's Momentum Rank falls into.

Motilal Oswal Financial Services Momentum Rank Related Terms

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Motilal Oswal Financial Services (BOM:532892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Motilal Oswal Financial Services Ltd (BOM:532892) » Definitions » Momentum Rank

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MOTILALOFS:India

Address

Rahimtullah Sayani Road, Motilal Oswal Tower, Opposite Parel ST Depot, Prabhadevi, Mumbai, MH, IND, 400025

Website

https://www.motilaloswalgroup.com

Motilal Oswal Financial Services Ltd offers financial services including private wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking and home finance. Broking operations are the leading revenue generator for the group. Through its broking and distribution segment, it helps retail customers across India make investment decisions with a research based advisory service. Services offered span across a host of asset classes and investment types, including mutual funds and insurance products.

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