IndusInd Bank (BOM:532187) Momentum Rank : 7 (As of Apr. 24, 2024)

View and export this data going back to 1998. Start your Free Trial

What is IndusInd Bank Momentum Rank?

IndusInd Bank has the Momentum Rank of 7.

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 IndusInd Bank's Momentum Rank

For the Banks - Regional subindustry, IndusInd Bank'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.

IndusInd Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, IndusInd Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where IndusInd Bank's Momentum Rank falls into.

IndusInd Bank Momentum Rank Related Terms

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

IndusInd Bank (BOM:532187) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IndusInd Bank Ltd (BOM:532187) » Definitions » Momentum Rank

Traded in Other Exchanges

INDUSINDBK:India

Address

841, Senapati Bapat Marg, 8th Floor, Tower 1, One World Centre, Prabhadevi (West), Mumbai, MH, IND, 400013

Website

https://www.indusind.com

IndusInd Bank Ltd is a full-service banking group operating in India. Its services include consumer banking, credit cards, consumer finance, corporate banking, commercial banking, global markets, transaction banking, priority sector lending, risk management, and financial restructuring and reconstruction. The Bank operates in four business segments, viz. Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations. The Bank generates majority of the revenue from Retail Banking segment. The bank's strategic focus has been to maintain its high-street brand, and it has adopted various initiatives to increase the brand's visibility through digital marketing and increased financial technology. Most of its loan book is in term loans entirely exposed to India.

IndusInd Bank (BOM:532187) Headlines

No Headlines