NIC Asia Laghubitta Bittiyanstha (XNEP:NICLBSL) Momentum Rank : 0 (As of May. 07, 2025)

View and export this data going back to 2020. Start your Free Trial

What is NIC Asia Laghubitta Bittiyanstha Momentum Rank?

NIC Asia Laghubitta Bittiyanstha has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

NIC Asia Laghubitta Bittiyanstha Momentum Rank Related Terms

Thank you for viewing the detailed overview of NIC Asia Laghubitta Bittiyanstha's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

NIC Asia Laghubitta Bittiyanstha Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » NIC Asia Laghubitta Bittiya Sanstha Ltd (XNEP:NICLBSL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Banepa-8, Kavrepalanchok, Kathmandu, NPL

Website

https://www.nicasialaghubitta.com

NIC Asia Laghubitta Bittiya Sanstha Ltd is engaged in the business of providing micro-finance services to households, with a prime focus on low-income households, assets-less, self-employed in the informal sector to uplift their livelihood. Also, the company focuses on social development, cultural promotion, educational development, and skill development. The company has seven reporting segments of the laghubitta which are: Koshi Province, Madesh Province, Bagmati Province, Gandaki Province, Lumbini Province, Karnali Province, and Sudurpaschim Province. The majority of its revenue is generated from Lumbini Province.

NIC Asia Laghubitta Bittiyanstha Headlines

No Headlines