Ashika Credit Capital (BOM:543766) Momentum Rank : 3 (As of May. 18, 2024)

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What is Ashika Credit Capital Momentum Rank?

Ashika Credit Capital has the Momentum Rank of 3.

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 Ashika Credit Capital's Momentum Rank

For the Capital Markets subindustry, Ashika Credit 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.

Ashika Credit Capital's Momentum Rank Distribution in the Capital Markets Industry

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

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

Ashika Credit Capital Momentum Rank Related Terms

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Ashika Credit Capital (BOM:543766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Ashika Credit Capital Ltd (BOM:543766) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1008, Raheja Centre, 10th Floor, 214, Nariman Point, Mumbai, IND, 400021

Website

https://www.ashikagroup.com

Ashika Credit Capital Ltd is a non-deposit-taking non-banking financial corporation actively engaged in fund-based activities in India including providing Loans and advances, inter-corporate deposit, restructuring finance. The Company is primarily engaged in a single reportable segment of Financial Services. It offers retail broking, institutional equity, lending, investment banking, wealth management, and asset management services to its clients.

Ashika Credit Capital (BOM:543766) Headlines

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