Edelweiss Financial Services (NSE:EDELWEISS) Momentum Rank : 10 (As of May. 14, 2024)

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What is Edelweiss Financial Services Momentum Rank?

Edelweiss Financial Services 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 Edelweiss Financial Services's Momentum Rank

For the Capital Markets subindustry, Edelweiss Financial Services'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.

Edelweiss Financial Services's Momentum Rank Distribution in the Capital Markets Industry

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

* The bar in red indicates where Edelweiss Financial Services's Momentum Rank falls into.

Edelweiss Financial Services Momentum Rank Related Terms

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Edelweiss Financial Services (NSE:EDELWEISS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Edelweiss Financial Services Ltd (NSE:EDELWEISS) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

532922:India

Address

Edelweiss House, Off. C.S.T. Road, Kalina, Mumbai, MH, IND, 400098

Website

https://www.edelweissfin.com

Edelweiss Financial Services Ltd is principally engaged in providing investment banking services and holding company activities comprising development, managerial, and financial support to the business. The company's businesses are categorized into a Credit business, Asset Reconstruction business, Asset Management Business, and Insurance Business. The credit business consists of Retail Credit, Corporate Credit, and Distress Credit. The Asset Management business provides clients with a comprehensive bouquet of investment solutions including alternative strategies and mutual funds. The Insurance business consists of Life and General Insurance. The company concentrates its business in India.

Edelweiss Financial Services (NSE:EDELWEISS) Headlines

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