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Trust Bank (DHA:TRUSTBANK) Momentum Rank : 0 (As of Jun. 09, 2024)


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What is Trust Bank Momentum Rank?

Trust 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.

Trust Bank Momentum Rank Related Terms

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Trust Bank (DHA:TRUSTBANK) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Trust Bank Ltd (DHA:TRUSTBANK) » Definitions » Momentum Rank
Comparable Companies
DHA:NBL DHA:PUBALIBANK DHA:CITYBANK DHA:ALARABANK DHA:PRIMEBANK DHA:BANKASIA DHA:SHAHJABANK DHA:IFIC DHA:EBL 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
Shadhinata Tower, Bir Srestha Shaheed Jahangir Gate, Dhaka Cantonment, Dhaka, BGD, 1206
Website
https://www.tblbd.com
Trust Bank Ltd is a full-service commercial bank. The Bank offers a wide range of banking products and services, such as Retail banking, SME banking, Islamic banking, corporate banking, and international banking, among others. The bank provides a range of banking services that include deposit banking, loans & advances, export-import financing, and national & international remittance facilities, issuing debit and credit cards, SMS banking, internet banking, call center, dealing in government securities, etc.

Trust Bank (DHA:TRUSTBANK) Headlines

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