IDFC First Bank (NSE:IDFCFIRSTB) Momentum Rank : 5 (As of Apr. 25, 2024)

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What is IDFC First Bank Momentum Rank?

IDFC First Bank 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 IDFC First Bank's Momentum Rank

For the Banks - Regional subindustry, IDFC First 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.

IDFC First Bank's Momentum Rank Distribution in the Banks Industry

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

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

IDFC First Bank Momentum Rank Related Terms

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IDFC First Bank (NSE:IDFCFIRSTB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » IDFC First Bank Ltd (NSE:IDFCFIRSTB) » Definitions » Momentum Rank

Traded in Other Exchanges

539437:India

Address

The Square, C-61, G-Block, Ground Floor To 8th Floor, Bandra-Kurla Complex, Bandra (East), Mumbai, MH, IND, 400 051

Website

https://www.idfcfirstbank.com

IDFC First Bank Ltd provides banking services including lending to individuals, providing loans, non-fund facilities, transaction services, corporate advisory, project appraisal placement, and syndication through the branch network and other delivery channels. The bank holds an investment portfolio, money market borrowing and lending, investment operations, and an entire foreign exchange and derivative portfolio. It organizes its business into four segments namely Treasury, Corporate and Wholesale, Retail, and Other Banking Business. The company generates maximum revenue from the Retail banking segment.

IDFC First Bank (NSE:IDFCFIRSTB) Headlines

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