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ICICI Bank (NYSE:IBN) 6-1 Month Momentum %

: 11.27% (As of Today)
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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2023-09-22), ICICI Bank's 6-1 Month Momentum % is 11.27%.

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

IBN's 6-1 Month Momentum % is ranked better than
74.82% of 1529 companies
in the Banks industry
Industry Median: 1.21 vs IBN: 11.27

Competitive Comparison

For the Banks - Regional subindustry, ICICI 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.

   

ICICI Bank 6-1 Month Momentum % Distribution

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

* The bar in red indicates where ICICI Bank's 6-1 Month Momentum % falls in comparison to its industry or sector. The grey bar indicates the 6-1 Month Momentum %'s extreme value range as defined by GuruFocus.



ICICI Bank  (NYSE:IBN) 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.


ICICI Bank  (NYSE:IBN) 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.


ICICI Bank 6-1 Month Momentum % Related Terms

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ICICI Bank (NYSE:IBN) Business Description

ICICI Bank logo
Address
ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, MH, IND, 400 051
ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, and Other Banking Businesses. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs.