Sonal Mercantile (BOM:538943) Momentum Rank : 4 (As of May. 26, 2024)

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What is Sonal Mercantile Momentum Rank?

Sonal Mercantile has the Momentum Rank of 4.

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 Sonal Mercantile's Momentum Rank

For the Credit Services subindustry, Sonal Mercantile'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.

Sonal Mercantile's Momentum Rank Distribution in the Credit Services Industry

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

* The bar in red indicates where Sonal Mercantile's Momentum Rank falls into.

Sonal Mercantile Momentum Rank Related Terms

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Sonal Mercantile (BOM:538943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Sonal Mercantile Ltd (BOM:538943) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

365, Vardhman Plaza, III Floor, Sector-3, Rohini, New Delhi, IND, 110085

Website

https://www.sonalmercantile.in

Sonal Mercantile Ltd is an India-based non-banking financial company. It is engaged in providing secured and unsecured loans and advances and is also involved in investing in quoted and unquoted securities in the stock and commodity markets. The company offers inter-corporate loans, personal loans, long-term and short-term loans, Trade financing, Bills Discounting, Project Appraisal, Loans against Guarantees, and Properties.

Sonal Mercantile (BOM:538943) Headlines

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