Khandwala Securities (BOM:531892) Momentum Rank : 10 (As of May. 04, 2024)

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What is Khandwala Securities Momentum Rank?

Khandwala Securities 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 Khandwala Securities's Momentum Rank

For the Capital Markets subindustry, Khandwala 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.

Khandwala Securities's Momentum Rank Distribution in the Capital Markets Industry

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

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

Khandwala Securities Momentum Rank Related Terms

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Khandwala Securities (BOM:531892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Khandwala Securities Ltd (BOM:531892) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

KHANDSE:India

Address

Green Street, Ground Floor, Vikas Building, Fort, Mumbai, MH, IND, 400 023

Website

https://www.kslindia.com

Khandwala Securities Ltd is engaged in the capital market business sector. The company offers services in the fields of institutional equity; investment banking; investment advisory; private wealth and portfolio management. The company is organized into two segments - Fee-based and Investment/Trading In Stock. The Company has considered these two divisions as its business segments. The Fee-based division provides financial advisory services relating to mergers and acquisitions, equity and debt issue management, portfolio management, and broking. The investment and Stock division carries out trading, investing, and speculation activities in capital markets (debt and equity) for the company.

Khandwala Securities (BOM:531892) Headlines

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