Moneyboxx Finance (BOM:538446) Momentum Rank : 8 (As of Jun. 07, 2024)

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What is Moneyboxx Finance Momentum Rank?

Moneyboxx Finance has the Momentum Rank of 8.

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 Moneyboxx Finance's Momentum Rank

For the Credit Services subindustry, Moneyboxx 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.

Moneyboxx Finance's Momentum Rank Distribution in the Credit Services Industry

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

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

Moneyboxx Finance Momentum Rank Related Terms

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Moneyboxx Finance (BOM:538446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Moneyboxx Finance Ltd (BOM:538446) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kanakia Wall Street, Chakala Andheri Kurla Road, Wing A-906, Hanuman Nagar, Andheri East, Mumbai, MH, IND, 400093

Website

http://www.moneyboxxfinance.com

Moneyboxx Finance Ltd is a Non-Deposit taking, Non-Systemically Important Non-Banking Financial Company. It is a subsidiary of Moneyboxx Capital Private Ltd and is engaged in the business of providing small-ticket business loans to micro and small enterprises. The company caters to credit needs of micro entrepreneurs in important and essential segments such as livestock, kirana, retail traders, micro-manufacturers.

Moneyboxx Finance (BOM:538446) Headlines

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