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Egyptian Gulf Bank (CAI:EGBE) Momentum Rank : 0 (As of Jun. 01, 2024)


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What is Egyptian Gulf Bank Momentum Rank?

Egyptian Gulf Bank has the Momentum Rank of 0.

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.

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Egyptian Gulf Bank (CAI:EGBE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Egyptian Gulf Bank (CAI:EGBE) » Definitions » Momentum Rank
Comparable Companies
CAI:CANA CAI:SAUD CAI:SAIB CAI:EXPA CAI:ADIB CAI:HDBK CAI:FAIT CAI:CIEB CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
N/A
Address
8,10 Ahmed Nessim Street, El Orman Plaza Building, Giza, EGY
Website
https://www.eg-bank.com
Egyptian Gulf Bank provides commercial and investment banking services. It offers savings & current accounts, distinct certificates, time deposits, investment funds, Tharaa funds; corporate banking services and many other services.

Egyptian Gulf Bank (CAI:EGBE) Headlines

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