Pioneer Investcorp (BOM:507864) Momentum Rank : 6 (As of May. 25, 2024)

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What is Pioneer Investcorp Momentum Rank?

Pioneer Investcorp has the Momentum Rank of 6.

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 Pioneer Investcorp's Momentum Rank

For the Capital Markets subindustry, Pioneer Investcorp'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.

Pioneer Investcorp's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Pioneer Investcorp's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Pioneer Investcorp's Momentum Rank falls into.

Pioneer Investcorp Momentum Rank Related Terms

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Pioneer Investcorp (BOM:507864) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pioneer Investcorp Ltd (BOM:507864) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1218, Maker Chambers V, 12th Floor, Nariman Point, Mumbai, MH, IND, 400021

Website

https://www.pinc.co.in

Pioneer Investcorp Ltd is a financial services company specializing in investment banking and advisory services. The company is a SEBI registered category I Merchant Banker. Its investment banking services include private equity advisory, merchant banking, corporate finance advisory, and strategic alliances, debt syndication, structured transactions, and mergers and acquisitions. The company also deals in products like Treasury Bills, Government securities, State Development Loans, Non-SLR Bonds, Corporate Bonds, and money market instruments like Certificates of Deposit, Commercial Paper, Inter-Corporate Deposits, and Call and notice Money Deposits. It also provides underwriting, claims, reinsurance, and risk management for a diverse set of clients.

Pioneer Investcorp (BOM:507864) Headlines

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