The Investment Trust Of India (BOM:530023) Momentum Rank : 9 (As of Jun. 09, 2024)

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What is The Investment Trust Of India Momentum Rank?

The Investment Trust Of India has the Momentum Rank of 9.

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 The Investment Trust Of India's Momentum Rank

For the Capital Markets subindustry, The Investment Trust Of India'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.

The Investment Trust Of India's Momentum Rank Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The Investment Trust Of India's Momentum Rank distribution charts can be found below:

* The bar in red indicates where The Investment Trust Of India's Momentum Rank falls into.

The Investment Trust Of India Momentum Rank Related Terms

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The Investment Trust Of India (BOM:530023) Business Description

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THEINVEST:India

Address

36 Dr. R. K. Shirodkar Marg, ITI House, Parel, Mumbai, MH, IND, 400012

Website

https://www.itiorg.com

The Investment Trust Of India Ltd, through its subsidiaries, is in the business of the corporate finance and broking spectrum in India. The company's service portfolio consists of investment banking and corporate finance activities on the capital market side as well as advisory services, broking services in the cash and future and options segments, currency derivatives, commodities, along with offering depository services, loan, portfolio management services and other wealth and distribution related products. The firm operates through the segments of Advisory services and Investment activities and Trading Activities. It generates majority of its revenue from Trading Activities.

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