Prime Securities (BOM:500337) Momentum Rank : 10 (As of May. 12, 2024)

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What is Prime Securities Momentum Rank?

Prime Securities has the Momentum Rank of 10.

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 Prime Securities's Momentum Rank

For the Capital Markets subindustry, Prime Securities'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.

Prime Securities's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Prime Securities's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Prime Securities's Momentum Rank falls into.

Prime Securities Momentum Rank Related Terms

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Prime Securities (BOM:500337) Business Description

Industry

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Traded in Other Exchanges

PRIMESECU:India

Address

1109/1110, Maker Chambers V, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.primesec.com

Prime Securities Ltd is engaged in the provision of investment banking and corporate advisory services. The business activity of the group is operated through - Financial Advisory & Intermediation services and Brokerage from Mutual Fund distribution. The company is in providing value-added advice and services to clients on complex strategic and financial decisions and transactions focused on fundraising, mergers and acquisitions, equity and debt private placements, initial public offerings, corporate advisory, and capital restructuring. The company's business segment is providing merchant banking and advisory services. Geographically, all the activities function throughout the region of India.

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