Mehta Securities (BOM:511738) Momentum Rank : 2 (As of May. 23, 2024)

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What is Mehta Securities Momentum Rank?

Mehta Securities has the Momentum Rank of 2.

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 Mehta Securities's Momentum Rank

For the Capital Markets subindustry, Mehta Securities'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.

Mehta Securities's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Mehta Securities's Momentum Rank falls into.

Mehta Securities Momentum Rank Related Terms

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Mehta Securities (BOM:511738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Mehta Securities Ltd (BOM:511738) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

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Address

2, Law Garden Apartment, Scheme-I, Opposite Law Garden, Ellisbridge, Ahmedabad, GJ, IND, 380 006

Website

https://www.mehtasecurities.com

Mehta Securities Ltd is an India-based company engaged in the provisions of financial services related to the capital market. It invests in the equity market and other markets to optimize return on funds. The company operations include Consulting and Investments. It provides research-based services in relation to the Capital Market. In addition, the company also offers corporate advisory services, investments, and other related services.

Mehta Securities (BOM:511738) Headlines

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