Inditrade Capital (BOM:532745) Momentum Rank : 7 (As of May. 27, 2024)

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What is Inditrade Capital Momentum Rank?

Inditrade Capital 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 Inditrade Capital's Momentum Rank

For the Capital Markets subindustry, Inditrade Capital'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.

Inditrade Capital's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Inditrade Capital's Momentum Rank falls into.

Inditrade Capital Momentum Rank Related Terms

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Inditrade Capital (BOM:532745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Inditrade Capital Ltd (BOM:532745) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Senapati Bapat Marg, Unit No. T-7 C, 5th Floor, C Wing, Phoenix House, Lower Parel West, Mumbai, MH, IND, 400013

Website

https://www.inditrade.com

Inditrade Capital Ltd is a financial service provider in India. It is engaged in the provision of financial services through commodity broking. It offers insurance and support services, and commodities brokerage-related services which include depository participant services, currency trading, internet trading, and phone-based services. Its segment includes Client financing, Commodity trade support services, sale of goods, Insurance broking services, and Others. It derives the majority of its revenue from Client financing. Geographically all the activities functioned through the regions of India and it derives revenue in the form of brokerage, fees, and others.

Inditrade Capital (BOM:532745) Headlines

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