GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Utkarsh Small Finance Bank Ltd (BOM:543942) » Definitions » Momentum Rank

Utkarsh Small Finance Bank (BOM:543942) Momentum Rank : 0 (As of May. 26, 2024)


View and export this data going back to 2023. Start your Free Trial

What is Utkarsh Small Finance Bank Momentum Rank?

Utkarsh Small Finance Bank has the Momentum Rank of 0.

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.


Utkarsh Small Finance Bank Momentum Rank Related Terms

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


Utkarsh Small Finance Bank (BOM:543942) Business Description

Traded in Other Exchanges
Address
NH – 31 (Airport Road), Utkarsh Tower, Sehmalpur, Kazi Sarai, Harhua, Varanasi, UP, IND, 221105
Utkarsh Small Finance Bank Ltd is an SFB in India. It offers a range of financial products and services that address the specific requirements of our customer segments while assessing factors including income profile and the type of security available. its asset products include Microbanking loans, retail loans, wholesale lending, housing loans, commercial vehicle/construction equipment loans, and gold loans. On the liabilities side, the company offer savings accounts, current accounts, and a variety of term and recurring deposit accounts. It also provides non-credit offerings comprising ATM-cum-debit cards, and bill payment systems and distributes third-party point-of-sales terminals, mutual funds, and insurance products.

Utkarsh Small Finance Bank (BOM:543942) Headlines

No Headlines