HDFC Bank (BUE:HDB) 12-1 Month Momentum %

: 105.61% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-16), HDFC Bank's 12-1 Month Momentum % is 105.61%.

The industry rank for HDFC Bank's 12-1 Month Momentum % or its related term are showing as below:

BUE:HDB's 12-1 Month Momentum % is ranked worse than
85.94% of 1558 companies
in the Banks industry
Industry Median: 7.88 vs BUE:HDB: 105.61

Competitive Comparison

For the Banks - Regional subindustry, HDFC Bank's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 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.

HDFC Bank 12-1 Month Momentum % Distribution

For the Banks industry and Financial Services sector, HDFC Bank's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where HDFC Bank's 12-1 Month Momentum % falls into.

HDFC Bank (BUE:HDB) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-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.

HDFC Bank (BUE:HDB) 12-1 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 12-1 Month Momentum % measures the total return to a stock over the past twelve 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.

HDFC Bank 12-1 Month Momentum % Related Terms

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HDFC Bank (BUE:HDB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » HDFC Bank Ltd (BUE:HDB) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

HDB:USA HDB:Mexico HDFCBANK:India 500180:India HDFA:Germany H1DB34:Brazil

Address

Senapati Bapat Marg, HDFC Bank House, Lower Parel (West), Mumbai, MH, IND, 400 013

Website

https://www.hdfcbank.com

HDFC Bank Ltd is a large, publicly traded Indian bank. There are three units: retail banking, wholesale banking, and treasury. Retail banking services are offered through numerous branches and ATMs. Wholesale focuses on Indian corporations, and the treasury unit offers risk-management services, such as foreign exchange trading.