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LOLC Finance (COL:LOFC.N0000) Momentum Rank : 0 (As of May. 28, 2024)


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What is LOLC Finance Momentum Rank?

LOLC Finance has the Momentum Rank of 0.

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.

LOLC Finance Momentum Rank Related Terms

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LOLC Finance (COL:LOFC.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LOLC Finance PLC (COL:LOFC.N0000) » Definitions » Momentum Rank
Comparable Companies
COL:LOLC.N0000 COL:LFIN.N0000 COL:CFIN.N0000 COL:PLC.N0000 COL:CDB.N0000 COL:COCR.N0000 COL:CSF.N0000 V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN SYF BOM:543257 BOM:532810
Traded in Other Exchanges
N/A
Address
No. 100/1 Sri Jayewardenepura Mawatha, Rajagiriya, Colombo, LKA
Website
https://www.lolcfinance.com
LOLC Finance PLC is a finance company. The company provides leasing, hire purchase, margin trading, loans, property development, mobilization of public deposits, and Islamic financing services. It has three reportable segments namely SME Finance; Development Finance and Alternative Financial Services. It generates maximum revenue from the SME Finance segment.

LOLC Finance (COL:LOFC.N0000) Headlines

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