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

Mercantile Bank (DHA:MERCANBANK) Momentum Rank : 0 (As of Jun. 08, 2024)


View and export this data going back to 2004. Start your Free Trial

What is Mercantile Bank Momentum Rank?

Mercantile 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.

Mercantile Bank Momentum Rank Related Terms

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

Mercantile Bank (DHA:MERCANBANK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mercantile Bank PLC (DHA:MERCANBANK) » Definitions » Momentum Rank
Comparable Companies
DHA:EXIMBANK DHA:MTB DHA:NCCBANK DHA:PREMIERBAN DHA:RUPALIBANK DHA:UTTARABANK DHA:DHAKABANK DHA:JAMUNABANK DHA:SOUTHEASTB DHA:UCB CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
N/A
Address
61, Dilkusha Commercial Area, Dhaka, BGD, 1000
Website
https://www.mblbd.com
Mercantile Bank PLC is a commercial bank that engages in providing banking and financial services. It offers a range of services such as SME financing, Retail Banking, Corporate Banking, Foreign Trade, NRB banking, Treasury instruments services, and E-banking, among others. Its operating segments comprise Commercial Banking including Off-shore Banking Units, Islamic Banking Window Operations, Mercantile Bank Securities Limited; MBL Assets Managements Limited, and Mercantile Exchange House (UK) Ltd.

Mercantile Bank (DHA:MERCANBANK) Headlines

No Headlines