Nahar Capital & Financial Services (BOM:532952) Momentum Rank : 2 (As of Jun. 22, 2024)

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What is Nahar Capital & Financial Services Momentum Rank?

Nahar Capital & Financial Services has the Momentum Rank of 2.

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 Nahar Capital & Financial Services's Momentum Rank

For the Capital Markets subindustry, Nahar Capital & Financial Services'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.

Nahar Capital & Financial Services's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Nahar Capital & Financial Services's Momentum Rank falls into.

Nahar Capital & Financial Services Momentum Rank Related Terms

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Nahar Capital & Financial Services (BOM:532952) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Nahar Capital & Financial Services Ltd (BOM:532952) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

NAHARCAP:India

Address

375, Industrial Area - A, Nahar Tower, Ludhiana, PB, IND, 141003

Website

http://www.owmnahar.com

Nahar Capital & Financial Services Ltd is a non-deposit accepting non-banking financial service (NBFC) company. It is engaged in investment and financial activities. The company's segment includes Investment/Financial activity and Real estate activity. It generates maximum revenue from the Investment/Financial activity segment which consists of Long Term investment and Strategic Investments and Short Term Investment activities.

Nahar Capital & Financial Services (BOM:532952) Headlines

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