Bank of Baroda (BOM:532134) Momentum Rank : 8 (As of May. 21, 2024)

View and export this data going back to 1997. Start your Free Trial

What is Bank of Baroda Momentum Rank?

Bank of Baroda has the Momentum Rank of 8.

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 Bank of Baroda's Momentum Rank

For the Banks - Regional subindustry, Bank of Baroda'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.

Bank of Baroda's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of Baroda's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Bank of Baroda's Momentum Rank falls into.

Bank of Baroda Momentum Rank Related Terms

Thank you for viewing the detailed overview of Bank of Baroda's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Bank of Baroda (BOM:532134) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Baroda (BOM:532134) » Definitions » Momentum Rank

Traded in Other Exchanges

BANKBARODA:India

Address

Baroda Bhavan, R.C. Dutt Road, 7th Floor, Alkapuri, Vadodara, GJ, IND, 390 007

Website

https://www.bankofbaroda.co.in

Bank of Baroda is a state-owned banking and financial services company in India. The company provides personal banking, corporate banking, international banking, small and medium enterprise banking, rural banking, non-resident Indian services and treasury services. The bank provides service to an international customer base with branches in 24 countries. The bank focuses on meeting the capital needs of its clients by providing loan services. The company also provides a banking system that emphasizes Internet and mobile banking. Organizationally, the bank is divided into four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations.

Bank of Baroda (BOM:532134) Headlines

No Headlines