Aptus Value Housing Finance India (BOM:543335) Momentum Rank : 5 (As of Dec. 13, 2024)

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What is Aptus Value Housing Finance India Momentum Rank?

Aptus Value Housing Finance India has the Momentum Rank of 5.

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 Aptus Value Housing Finance India's Momentum Rank

For the Mortgage Finance subindustry, Aptus Value Housing Finance India'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.

Aptus Value Housing Finance India's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Aptus Value Housing Finance India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Aptus Value Housing Finance India's Momentum Rank falls into.

Aptus Value Housing Finance India Momentum Rank Related Terms

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Aptus Value Housing Finance India Business Description

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APTUS:India

Address

No. 205, Poonamallee High Road, No. 8B, Doshi Towers, 8th Floor, Kilpauk, Chennai, TN, IND, 600010

Website

https://www.aptusindia.com

Aptus Value Housing Finance India Ltd is a retail-focused housing finance company that predominantly serves low and middle-income customers in the rural and semi-urban markets of India. The company offers home loans to retail customers to purchase homes, construct residential properties, house improvement and extension, loans against property, and business loans. It undertakes all types of lending activities such as sourcing, underwriting, valuation, and legal assessment of collateral, credit assessment, and collection. The company's only segment is providing long-term housing finance, loans against property, and refinance loans. Geographically, it derives revenue from India.

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