Brilliant Portfolios (BOM:539434) Momentum Rank : 8 (As of May. 21, 2024)

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What is Brilliant Portfolios Momentum Rank?

Brilliant Portfolios 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 Brilliant Portfolios's Momentum Rank

For the Credit Services subindustry, Brilliant Portfolios'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.

Brilliant Portfolios's Momentum Rank Distribution in the Credit Services Industry

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

* The bar in red indicates where Brilliant Portfolios's Momentum Rank falls into.

Brilliant Portfolios Momentum Rank Related Terms

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Brilliant Portfolios (BOM:539434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Brilliant Portfolios Ltd (BOM:539434) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

B - 09, 412 ITL Twin Tower, Netaji Subhash Place, Pitampura, New Delhi, IND, 110088

Website

http://www.brilliantportfolios.com

Brilliant Portfolios Ltd is an India-based company. It is engaged in the business of non-banking financing activity and making both long-term and short-term investments in quoted as well as unquoted shares. It also gives short-term and long-term loans to its borrowers. The company also focuses on the real estate business. The sale of shares generates maximum revenue for the company. The Company operates mainly in the business segment of fund-based financing activity. Geographically, the company offers its services only in the Indian market.

Brilliant Portfolios (BOM:539434) Headlines

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