Equitas Small Finance Bank (BOM:543243) Momentum Rank : 5 (As of Jun. 06, 2024)

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What is Equitas Small Finance Bank Momentum Rank?

Equitas Small Finance 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 Equitas Small Finance Bank's Momentum Rank

For the Banks - Regional subindustry, Equitas Small Finance 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.

Equitas Small Finance Bank's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Equitas Small Finance Bank's Momentum Rank falls into.

Equitas Small Finance Bank Momentum Rank Related Terms

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Equitas Small Finance Bank (BOM:543243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Equitas Small Finance Bank Ltd (BOM:543243) » Definitions » Momentum Rank

Traded in Other Exchanges

EQUITASBNK:India

Address

No. 769, Mount Road, 4th Floor, Phase II, Spencer Plaza, Anna Salai, Chennai, TN, IND, 600 002

Website

https://www.equitasbank.com

Equitas Small Finance Bank Ltd is a small finance bank. It offers banking products and services to customers. The firm's financial products and services include the provision of small business loans comprising LAPs, housing loans, and agriculture loans to micro-entrepreneurs, microfinance, used and new commercial vehicle loans, Micro and Small Enterprises loans and others. Its segments include Treasury; Corporate / Wholesale Banking; Retail Banking; and Other Banking Business. The company generates a majority of its revenue from the retail banking segment.

Equitas Small Finance Bank (BOM:543243) Headlines

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