Gold Line International Finvest (BOM:538180) Momentum Rank : 5 (As of May. 24, 2024)

View and export this data going back to 2014. Start your Free Trial

What is Gold Line International Finvest Momentum Rank?

Gold Line International Finvest has the Momentum Rank of 5.

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 Gold Line International Finvest's Momentum Rank

For the Asset Management subindustry, Gold Line International Finvest'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.

Gold Line International Finvest's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Gold Line International Finvest's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Gold Line International Finvest's Momentum Rank falls into.

Gold Line International Finvest Momentum Rank Related Terms

Thank you for viewing the detailed overview of Gold Line International Finvest's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Gold Line International Finvest (BOM:538180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gold Line International Finvest Ltd (BOM:538180) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Office No. 203, MB-156 2nd Floor, Opp Madhuban Park, Delhi, IND, 110092

Website

http://www.goldlineinternationalltd.com

Gold Line International Finvest Ltd is an Indian investment company. Its core business is to provide margin funding for the purchase of securities loans against shares and property, and financial advisory services. The company is engaged in providing various financial solutions such as advance loans against listed shares, securities and properties, corporate loans, personal loans, trading in shares and securities, trade financing, bill discounting, and others. Also, the company provides working capital loans to small businesses such as cash advances to help to meet financial requirements. It provides its services to the commercial, industrial, and financial communities.

Gold Line International Finvest (BOM:538180) Headlines

No Headlines