Stanrose Mafatlal Investment and Finance (BOM:506105) Momentum Rank : 9 (As of May. 02, 2024)

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What is Stanrose Mafatlal Investment and Finance Momentum Rank?

Stanrose Mafatlal Investment and Finance has the Momentum Rank of 9.

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 Stanrose Mafatlal Investment and Finance's Momentum Rank

For the Asset Management subindustry, Stanrose Mafatlal Investment and Finance'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.

Stanrose Mafatlal Investment and Finance's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Stanrose Mafatlal Investment and Finance's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Stanrose Mafatlal Investment and Finance's Momentum Rank falls into.

Stanrose Mafatlal Investment and Finance Momentum Rank Related Terms

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Stanrose Mafatlal Investment and Finance (BOM:506105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Stanrose Mafatlal Investment and Finance Ltd (BOM:506105) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

57-A, Dr. G. Deshmukh Marg, Vijyalaxmi Mafatlal Centre, Mumbai, MH, IND, 400 026

Website

https://www.stanrosefinvest.com

Stanrose Mafatlal Investment and Finance Ltd is a non-banking financial company. The Company's operations continue to be mainly focused in the areas of Inter-corporate Investments, Capital Market activities, and Financing. Accordingly, there are no separate reportable segments. The company derives revenue from dividends and interest income.

Stanrose Mafatlal Investment and Finance (BOM:506105) Headlines

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