Geetanjali Credit and Capital (BOM:539486) Momentum Rank : 1 (As of May. 24, 2024)

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What is Geetanjali Credit and Capital Momentum Rank?

Geetanjali Credit and Capital has the Momentum Rank of 1.

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 Geetanjali Credit and Capital's Momentum Rank

For the Credit Services subindustry, Geetanjali Credit and Capital'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.

Geetanjali Credit and Capital's Momentum Rank Distribution in the Credit Services Industry

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

* The bar in red indicates where Geetanjali Credit and Capital's Momentum Rank falls into.

Geetanjali Credit and Capital Momentum Rank Related Terms

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Geetanjali Credit and Capital (BOM:539486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Geetanjali Credit and Capital Ltd (BOM:539486) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

Shop No.5,Shree Sai Sindagi Sona Bazar Complex, (Saraffa Katta) Sheelavantar Oni, Bardansal, Sarafgatti, Hubali, Dharwad, KA, IND, 580020

Website

http://www.geetanjalicreditcapital.com

Geetanjali Credit and Capital Ltd is a non-banking financial institution, provides finance and other services in India. It engages in investing in quoted and unquoted shares; advancing loans against listed shares, securities, and properties; margin funding; the provision of corporate and personal loans; trade financing and bill discounting; offering solutions for meeting liquidity requirements with technical insights into capital markets; and portfolio management/consultancy activities.

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