GIC Housing Finance (BOM:511676) Momentum Rank : 7 (As of May. 13, 2024)

View and export this data going back to 2000. Start your Free Trial

What is GIC Housing Finance Momentum Rank?

GIC Housing Finance has the Momentum Rank of 7.

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 GIC Housing Finance's Momentum Rank

For the Mortgage Finance subindustry, GIC Housing Finance'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.

GIC Housing Finance's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where GIC Housing Finance's Momentum Rank falls into.

GIC Housing Finance Momentum Rank Related Terms

Thank you for viewing the detailed overview of GIC Housing Finance's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

GIC Housing Finance (BOM:511676) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » GIC Housing Finance Ltd (BOM:511676) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

GICHSGFIN:India

Address

14, Jamshedji Tata Road, 6th Floor, National Insurance Building, Churchgate, Mumbai, MH, IND, 400 020

Website

https://www.gichfindia.com

GIC Housing Finance Ltd is a specialty finance firm located in India. It was formed with the objective of entering the field of direct lending to individuals and other corporates to accelerate housing activities in India. The primary activity of the company is granting housing loans to individuals and to persons/entities involved in the construction of houses for residential purposes. The company is exclusively engaged in the housing finance business and revenues are mainly derived from this activity. It operates in a single business segment that is financing.

GIC Housing Finance (BOM:511676) Headlines

No Headlines