United Credit (BOM:531091) Momentum Rank : 2 (As of May. 15, 2024)

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What is United Credit Momentum Rank?

United Credit has the Momentum Rank of 2.

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 United Credit's Momentum Rank

For the Credit Services subindustry, United Credit'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.

United Credit's Momentum Rank Distribution in the Credit Services Industry

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

* The bar in red indicates where United Credit's Momentum Rank falls into.

United Credit Momentum Rank Related Terms

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United Credit (BOM:531091) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » United Credit Ltd (BOM:531091) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

27B, Camac Street, 8th Floor, Kolkata, WB, IND, 700016

Website

https://www.unitedcreditltd.com

United Credit Ltd is an Indian(NBFC) non-banking financial company. The business is engaged in the lease, hire purchase, consumer financing, investment, and capital market operation. Business operating segments include; Financing activity and Renting activity. The company derives substantial revenue from the interest income.

United Credit (BOM:531091) Headlines

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