Premium Capital Market & Investments (BOM:511660) Momentum Rank : 3 (As of May. 05, 2024)

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What is Premium Capital Market & Investments Momentum Rank?

Premium Capital Market & Investments has the Momentum Rank of 3.

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 Premium Capital Market & Investments's Momentum Rank

For the Capital Markets subindustry, Premium Capital Market & Investments'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.

Premium Capital Market & Investments's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Premium Capital Market & Investments's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Premium Capital Market & Investments's Momentum Rank falls into.

Premium Capital Market & Investments Momentum Rank Related Terms

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Premium Capital Market & Investments (BOM:511660) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Premium Capital Market & Investments Ltd (BOM:511660) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

29, Y.N. Road, 401, Starlit Tower, 4th Floor, Indore, MP, IND, 452003

Website

http://www.premiumcapital.in

Premium Capital Market & Investments Ltd is engaged in investment management activities. It provides equity, commodity, and currency trading; research and fundamental analysis; charting and technical analysis; insurance services; mutual funds and IPO distribution; business process outsourcing and real estate.

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