PTC India Financial Services (BOM:533344) Momentum Rank : 9 (As of May. 20, 2024)

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What is PTC India Financial Services Momentum Rank?

PTC India Financial Services 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 PTC India Financial Services's Momentum Rank

For the Credit Services subindustry, PTC India 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.

PTC India Financial Services's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, PTC India Financial Services's Momentum Rank distribution charts can be found below:

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

PTC India Financial Services Momentum Rank Related Terms

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PTC India Financial Services (BOM:533344) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PTC India Financial Services Ltd (BOM:533344) » Definitions » Momentum Rank

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Traded in Other Exchanges

PFS:India

Address

8 Bhikaji Cama Place, 7th Floor, Telephone Exchange Building, New Delhi, IND, 110 066

Website

https://www.ptcfinancial.com

PTC India Financial Services Ltd provides total financial services to the entities in the energy value chain, which inter-alia includes investing in equity and extending debt to power projects in generation, transmission, distribution, fuel sources, fuel-related infrastructures like gas pipelines, LNG terminals, ports, equipment manufacturers, and EPC contractors. The company also provides non-fund-based financial services adding value to greenfield and brownfield projects at various stages of growth and development. The company is an India-based Non-Banking Financial company.

PTC India Financial Services (BOM:533344) Headlines

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