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Shahjalal Islami Bank (DHA:SHAHJABANK) Momentum Rank : 0 (As of Jun. 02, 2024)


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What is Shahjalal Islami Bank Momentum Rank?

Shahjalal Islami 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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Shahjalal Islami Bank (DHA:SHAHJABANK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shahjalal Islami Bank PLC (DHA:SHAHJABANK) » Definitions » Momentum Rank
Comparable Companies
DHA:IFIC DHA:UCB DHA:BANKASIA DHA:SOUTHEASTB DHA:JAMUNABANK DHA:PRIMEBANK DHA:UTTARABANK DHA:PREMIERBAN DHA:MTB DHA:ALARABANK 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
Gulshan Avenue, Plot No. 04, Block-CWN(C), Shahjalal Islami Bank Tower, Dhaka, BGD, 1212
Website
https://www.sjiblbd.com
Shahjalal Islami Bank PLC provides commercial banking products and services in Bangladesh. It offers various deposit products, including current deposit accounts, savings deposit accounts, term deposit accounts, and short notice deposit accounts. The operating segment of the company are Corporate Banking, SME Banking, Retail Banking and Treasury.

Shahjalal Islami Bank (DHA:SHAHJABANK) Headlines

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