Pro Fin Capital Services (BOM:511557) Momentum Rank : 1 (As of May. 26, 2024)

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What is Pro Fin Capital Services Momentum Rank?

Pro Fin Capital Services has the Momentum Rank of 1.

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 Pro Fin Capital Services's Momentum Rank

For the Capital Markets subindustry, Pro Fin Capital Services'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.

Pro Fin Capital Services's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Pro Fin Capital Services's Momentum Rank falls into.

Pro Fin Capital Services Momentum Rank Related Terms

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Pro Fin Capital Services (BOM:511557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Pro Fin Capital Services Ltd (BOM:511557) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Western Express Highway, B-503, Western Edge 2, Borivali (East), Mumbai, MH, IND, 400066

Website

https://www.profincapital.co.in

Pro Fin Capital Services Ltd is a non-banking finance company. It provides financial services and solutions such as trading, currency derivatives, commodities, and depository services. The company offers services on the both National Stock Exchange and Bombay Stock Exchange platforms. Geographically all the business activities functioned through the regions of India. Revenue is generated from the sale of shares, processing charges, and interest received. The majority of the revenue is generated from the interest that is received.

Pro Fin Capital Services (BOM:511557) Headlines

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