CIL Securities (BOM:530829) Momentum Rank : 3 (As of Jun. 22, 2024)

View and export this data going back to 1995. Start your Free Trial

What is CIL Securities Momentum Rank?

CIL Securities 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 CIL Securities's Momentum Rank

For the Capital Markets subindustry, CIL 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.

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

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

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

CIL Securities Momentum Rank Related Terms

Thank you for viewing the detailed overview of CIL Securities's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

CIL Securities (BOM:530829) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » CIL Securities Ltd (BOM:530829) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

130/132 Apollo Street, 2nd Floor, Room No. 20, Great Western Building, Opposite Lions Gate, Fort, Mumbai, MH, IND, 400023

Website

https://www.cilsecurities.com

CIL Securities Ltd is a diversified financial company. The company's operating segment includes Securities Dealing and Broking; Merchant Banking Fees; Consultancy Fee; Registrar and Share Transfer agents and Demat and Depository. It generates maximum revenue from the Securities Dealing and Broking segment.

CIL Securities (BOM:530829) Headlines

No Headlines