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Utkarsh Small Finance Bank (BOM:543942) 6-1 Month Momentum % : 5.48% (As of May. 12, 2024)


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What is Utkarsh Small Finance Bank 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Utkarsh Small Finance Bank's 6-1 Month Momentum % is 5.48%.

The industry rank for Utkarsh Small Finance Bank's 6-1 Month Momentum % or its related term are showing as below:

BOM:543942's 6-1 Month Momentum % is ranked worse than
55.98% of 1563 companies
in the Banks industry
Industry Median: 7.69 vs BOM:543942: 5.48

Competitive Comparison of Utkarsh Small Finance Bank's 6-1 Month Momentum %

For the Banks - Regional subindustry, Utkarsh Small Finance Bank's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % 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.


Utkarsh Small Finance Bank's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Utkarsh Small Finance Bank's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Utkarsh Small Finance Bank's 6-1 Month Momentum % falls into.



Utkarsh Small Finance Bank  (BOM:543942) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Utkarsh Small Finance Bank  (BOM:543942) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Utkarsh Small Finance Bank 6-1 Month Momentum % Related Terms

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Utkarsh Small Finance Bank (BOM:543942) Business Description

Traded in Other Exchanges
Address
NH – 31 (Airport Road), Utkarsh Tower, Sehmalpur, Kazi Sarai, Harhua, Varanasi, UP, IND, 221105
Utkarsh Small Finance Bank Ltd is an SFB in India. It offers a range of financial products and services that address the specific requirements of our customer segments while assessing factors including income profile and the type of security available. its asset products include Microbanking loans, retail loans, wholesale lending, housing loans, commercial vehicle/construction equipment loans, and gold loans. On the liabilities side, the company offer savings accounts, current accounts, and a variety of term and recurring deposit accounts. It also provides non-credit offerings comprising ATM-cum-debit cards, and bill payment systems and distributes third-party point-of-sales terminals, mutual funds, and insurance products.

Utkarsh Small Finance Bank (BOM:543942) Headlines

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