Kotak Mahindra Bank (NSE:KOTAKBANK) Momentum Rank : 4 (As of May. 21, 2024)

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What is Kotak Mahindra Bank Momentum Rank?

Kotak Mahindra Bank has the Momentum Rank of 4.

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 Kotak Mahindra Bank's Momentum Rank

For the Banks - Regional subindustry, Kotak Mahindra Bank'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.

Kotak Mahindra Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Kotak Mahindra Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Kotak Mahindra Bank's Momentum Rank falls into.

Kotak Mahindra Bank Momentum Rank Related Terms

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Kotak Mahindra Bank (NSE:KOTAKBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Kotak Mahindra Bank Ltd (NSE:KOTAKBANK) » Definitions » Momentum Rank

Traded in Other Exchanges

500247:India

Address

27BKC, C-27, G-Block, Bandra Kurla Complex, Bandra (East), Mumbai, MH, IND, 400051

Website

https://www.kotak.com

Kotak Mahindra Bank Ltd is an Indian banking and finance group offering personal finance solutions, transaction banking, operating lending verticals, managing IPOs, and providing working capital loans. The company's operating segment includes Treasury, (Balance Sheet Management Unit)BMU and Corporate Centre, Retail Banking, Corporate/Wholesale Banking, Vehicle Financing, Other Lending Activities, Broking, Advisory and Transactional Services, Asset Management, and Insurance. It generates the highest revenue from the Retail Banking segment. Some of its services include Savings Account, Safe Deposit Locker, Recurring Deposit, Sweep-In Facility, Debit and Credit Cards, Home Loan, Education Loan, Loan Against Securities, Life Insurance, Portfolio Management Service and others.

Kotak Mahindra Bank (NSE:KOTAKBANK) Headlines

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