Citba Financial (Citba Financial) Momentum Rank : 10 (As of May. 07, 2024)

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What is Citba Financial Momentum Rank?

Citba Financial has the Momentum Rank of 10.

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 Citba Financial's Momentum Rank

For the Banks - Regional subindustry, Citba Financial'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.

Citba Financial's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Citba Financial's Momentum Rank falls into.

Citba Financial Momentum Rank Related Terms

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Citba Financial (Citba Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Citba Financial Corp (OTCPK:CBAF) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

33 North Indiana Street, Mooresville, IN, USA, 46158

Website

https://www.citizens-banking.com

Citba Financial Corp is a financial service provider. It functions through its wholly-owned subsidiary. The company is a bank holding company whose principal activity is the ownership and management of the Bank. It operates under a state bank charter and provides full banking services including personal and business banking facilities such as banking, checking, savings, business checking, business saving, and commercial loans. The Bank generates commercial, mortgage, and consumer loans and receives deposits from customers located in the United States. The Company generates revenues from Deposit Services and Card Services Income.

Citba Financial (Citba Financial) Headlines

From GuruFocus

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