Mahindra & Mahindra Financial Services (Mahindra & Mahindra Financial Services) Momentum Rank : 4 (As of Jun. 25, 2024)

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What is Mahindra & Mahindra Financial Services Momentum Rank?

Mahindra & Mahindra Financial Services has the Momentum Rank of 4.

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 Mahindra & Mahindra Financial Services's Momentum Rank

For the Credit Services subindustry, Mahindra & Mahindra 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.

Mahindra & Mahindra Financial Services's Momentum Rank Distribution in the Credit Services Industry

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

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

Mahindra & Mahindra Financial Services Momentum Rank Related Terms

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Mahindra & Mahindra Financial Services (Mahindra & Mahindra Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mahindra & Mahindra Financial Services Ltd (GREY:MHZNY) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

M&MFIN:India 532720:India

Address

Dr. G M. Bhosale Marg, 4th Floor, Mahindra Towers, A Wing, P.K. Kurne Chowk, Worli, Mumbai, MH, IND, 400 018

Website

https://www.mahindrafinance.com

Mahindra & Mahindra Financial Services Ltd is a subsidiary of the Indian conglomerate Mahinda & Mahindra. The company is a nonbanking financial company that serves the financing needs of a sizable population residing in nonmetropolitan areas of India. The company provides a wide range of retail products and services, including financing vehicles for commercial and personal use, tractors, small to medium enterprise loans, and other financial products. The company also operates in other niche markets. It has introduced mutual fund distributions, fixed deposit products, and personal loans. The company's main source of revenue is interest income from its loans.