Lakshmi Finance & Industrial (NSE:LFIC) Momentum Rank : 2 (As of May. 22, 2024)

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What is Lakshmi Finance & Industrial Momentum Rank?

Lakshmi Finance & Industrial has the Momentum Rank of 2.

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 Lakshmi Finance & Industrial's Momentum Rank

For the Asset Management subindustry, Lakshmi Finance & Industrial'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.

Lakshmi Finance & Industrial's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Lakshmi Finance & Industrial's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Lakshmi Finance & Industrial's Momentum Rank falls into.

Lakshmi Finance & Industrial Momentum Rank Related Terms

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Lakshmi Finance & Industrial (NSE:LFIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Lakshmi Finance & Industrial Corp Ltd (NSE:LFIC) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

1st Floor, Suryodaya, 1-10-60/3, Begumpet, Hyderabad, TG, IND, 500016

Website

http://www.lakshmifinance.org.in

Lakshmi Finance & Industrial Corp Ltd is an India-based non-banking finance company. The company is involved in financial activities mainly in long-term investments such as equity shares and mutual funds. The company is also engaged in leasing, hire purchase, bill discounting, and corporate finance. The company generates revenue from the sale of non-current investments, dividends on non-current investments, interest on debentures, and deposits with banks.

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