AB Bank (DHA:ABBANK) Momentum Rank : 0 (As of Jun. 10, 2024)

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

What is AB Bank Momentum Rank?

AB 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.

AB Bank Momentum Rank Related Terms

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

AB Bank (DHA:ABBANK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » AB Bank PLC (DHA:ABBANK) » Definitions » Momentum Rank

Traded in Other Exchanges

N/A

Address

The Skymark, 18 Gulshan Avenue, Gulshan-1, Dhaka, BGD, 1212

Website

https://www.abbl.com

AB Bank PLC, together with its subsidiaries, provides various financial products and services in Bangladesh and international markets. The company also provides personal, auto, education, and home loans. AB offers a wide range of depository and loan products to cater to virtually every customer segment. From Student Banking to Priority Banking AB approximately has all banking products in its stock. It also provides Small and Medium Enterprise (SME) credit, Women's Entrepreneur, Consumer Loans, Debit and Credit Cards (Local and International), ATMs, Internet and SMS Banking, Remittance Services, Treasury Products and Services, Structured Finance for Corporate, strengthening and expanding its Islamic Banking activities, Investment Banking.

AB Bank (DHA:ABBANK) Headlines

No Headlines