Continental Securities (BOM:538868) Momentum Rank : 1 (As of May. 31, 2024)

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What is Continental Securities Momentum Rank?

Continental Securities has the Momentum Rank of 1.

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.

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Competitive Comparison of Continental Securities's Momentum Rank

For the Credit Services subindustry, Continental 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.

Continental Securities's Momentum Rank Distribution in the Credit Services Industry

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

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

Continental Securities Momentum Rank Related Terms

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Continental Securities (BOM:538868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Continental Securities Ltd (BOM:538868) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Parivahan Marg, Gopalbari, Flat No. 301, Metro Plaza, Jaipur, RJ, IND, 302001

Website

https://www.continentalsecuritiesltd.com

Continental Securities Ltd is a non-banking financial company. The company is engaged in the business of Gold loan, Personal loans, inter corporate loans, Loan against property Loans to SMEs and such fund based activities. The company is operating in one segment which is making loans to the small borrowers.

Continental Securities (BOM:538868) Headlines

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