Religare Enterprises (BOM:532915) Momentum Rank : 10 (As of May. 13, 2024)

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What is Religare Enterprises Momentum Rank?

Religare Enterprises has the Momentum Rank of 10.

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 Religare Enterprises's Momentum Rank

For the Insurance - Life subindustry, Religare Enterprises'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.

Religare Enterprises's Momentum Rank Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Religare Enterprises's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Religare Enterprises's Momentum Rank falls into.

Religare Enterprises Momentum Rank Related Terms

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Religare Enterprises (BOM:532915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Religare Enterprises Ltd (BOM:532915) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

RELIGARE:India

Address

Dr. Jha Marg, 8th Flooe, Block A, Max House, Phase III, Okhla Industrial Estate, New Delhi, IND, 110020

Website

https://www.religare.com

Religare Enterprises Ltd is an India-based company that is principally engaged in providing diversified financial services, including loans to small and midsize enterprises, affordable housing finance, health insurance, capital markets, and wealth management. The company operates via various subsidiaries and operating entities. It generates around two-thirds of total revenue from investment and financing activity. The company concentrates its business in India, and generates the majority of revenue from the domestic market.

Religare Enterprises (BOM:532915) Headlines

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