Comfort Fincap (BOM:535267) Momentum Rank : 5 (As of Apr. 25, 2024)

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What is Comfort Fincap Momentum Rank?

Comfort Fincap 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 Comfort Fincap's Momentum Rank

For the Credit Services subindustry, Comfort Fincap'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.

Comfort Fincap's Momentum Rank Distribution in the Credit Services Industry

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

* The bar in red indicates where Comfort Fincap's Momentum Rank falls into.

Comfort Fincap Momentum Rank Related Terms

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Comfort Fincap (BOM:535267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Comfort Fincap Ltd (BOM:535267) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

S.V. Road, Opposite Natraj Market, A-301, Hetal Arch, Malad (West), Mumbai, MH, IND, 400064

Website

http://www.comfortfincap.com

Comfort Fincap Ltd is an India based non-banking financial company. It provides various financial solutions to commercial, industrial and financial clients. Its offerings include advancing loans against listed shares, securities, and properties, corporate loans, personal loans, trade financing, promoter funding, IPO (initial public offer) financing, bills discounting, margin funding, trading in shares and securities and arbitrage business in stock and commodity market. It generates revenue in the form of professional fees and interest income received from loans and advances and term deposits.

Comfort Fincap (BOM:535267) Headlines

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