Decillion Finance (BOM:539190) Momentum Rank : 2 (As of May. 04, 2024)

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What is Decillion Finance Momentum Rank?

Decillion Finance 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 Decillion Finance's Momentum Rank

For the Capital Markets subindustry, Decillion Finance'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.

Decillion Finance's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Decillion Finance's Momentum Rank falls into.

Decillion Finance Momentum Rank Related Terms

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Decillion Finance (BOM:539190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Decillion Finance Ltd (BOM:539190) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Bentinck Street, Jajodia Tower, 4th Floor, Room No. D-8, Kolkata, WB, IND, 700001

Website

https://www.decillion.co.in

Decillion Finance Ltd is an Indian based non-banking financial company. It is engaged in the business of providing loans and advances, investment in shares of other companies. In addition, it is also involved in investing in shares and securities, and other financial instruments. The company receives maximum revenue from the interest income. Its segment comprises of Investments & Financing.

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