Itau Unibanco Holding (Itau Unibanco Holding) 12-1 Month Momentum %

: 32.05% (As of Today)

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12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-18), Itau Unibanco Holding's 12-1 Month Momentum % is 32.05%.

The industry rank for Itau Unibanco Holding's 12-1 Month Momentum % or its related term are showing as below:

ITUB's 12-1 Month Momentum % is ranked better than
80.89% of 1554 companies
in the Banks industry
Industry Median: 7.67 vs ITUB: 32.05

Competitive Comparison

For the Banks - Regional subindustry, Itau Unibanco Holding's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.

Itau Unibanco Holding 12-1 Month Momentum % Distribution

For the Banks industry and Financial Services sector, Itau Unibanco Holding's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Itau Unibanco Holding's 12-1 Month Momentum % falls into.

Itau Unibanco Holding (NYSE:ITUB) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Itau Unibanco Holding (NYSE:ITUB) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Itau Unibanco Holding 12-1 Month Momentum % Related Terms

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Itau Unibanco Holding (Itau Unibanco Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Itau Unibanco Holding SA (NYSE:ITUB) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

ITUB:Mexico BVXB:Germany BVXB:Germany ITUB4:Brazil ITUB3:Brazil ITUB:Argentina

Address

Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902

Website

https://www.itau.com.br

Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.