Old National Bancorp (FRA:ON1) Momentum Rank : 10 (As of May. 14, 2024)

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What is Old National Bancorp Momentum Rank?

Old National Bancorp 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 Old National Bancorp's Momentum Rank

For the Banks - Regional subindustry, Old National Bancorp'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.

Old National Bancorp's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Old National Bancorp's Momentum Rank falls into.

Old National Bancorp Momentum Rank Related Terms

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Old National Bancorp (FRA:ON1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old National Bancorp (FRA:ON1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

ONBPP.PFD:USA ONB:USA

Address

One Main Street, Evansville, IN, USA, 47708

Website

https://www.oldnational.com

Old National Bancorp with almost $10 billion in assets following its latest acquisition, Old National Bancorp is a financial services bank holding company headquartered in Indiana. Based in Evansville, Ind., Old National owns multiple financial services operations in Indiana, Illinois, and Kentucky. The company provides a group of similar community banking services, including such products and services as commercial, real estate, and consumer loans; deposits; and brokerage, trust, and investment advisory services.

Old National Bancorp (FRA:ON1) Headlines

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