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Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Momentum Rank : 7 (As of May. 06, 2024)


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What is Cholamandalam Investment and Finance Co Momentum Rank?

Cholamandalam Investment and Finance Co 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 Cholamandalam Investment and Finance Co's Momentum Rank

For the Credit Services subindustry, Cholamandalam Investment and Finance Co'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.


Cholamandalam Investment and Finance Co's Momentum Rank Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Cholamandalam Investment and Finance Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Cholamandalam Investment and Finance Co's Momentum Rank falls into.



Cholamandalam Investment and Finance Co Momentum Rank Related Terms

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Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Business Description

Traded in Other Exchanges
Address
No.2, N.S.C. Bose Road, Parrys, Dare House, 1st Floor, Chennai, TN, IND, 600001
Cholamandalam Investment and Finance Co Ltd serve as the financial services arm of the Murugappa Group. Its subsidiaries include Cholamandalam Securities Limited (CSEC) and Cholamandalam Home Finance Limited (CHFL). The company's operating segments include Vehicle finance loans, which provide loans for the purchase of vehicles, tractors, and construction equipment. Home Loans include loans given for the acquisition of residential property. Loan against property which includes Loans to the customer against immovable property and Other loans, including loans against shares and SME loans. The company also offers investment advisory and stockbroking services. It operates solely in India.

Cholamandalam Investment and Finance Co (NSE:CHOLAFIN) Headlines

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