Washington Trust Bancorp (FRA:WT1) Momentum Rank : 5 (As of Jun. 01, 2024)

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What is Washington Trust Bancorp Momentum Rank?

Washington Trust Bancorp has the Momentum Rank of 5.

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 Washington Trust Bancorp's Momentum Rank

For the Banks - Regional subindustry, Washington Trust 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.

Washington Trust Bancorp's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Washington Trust Bancorp's Momentum Rank falls into.

Washington Trust Bancorp Momentum Rank Related Terms

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Washington Trust Bancorp (FRA:WT1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Washington Trust Bancorp Inc (FRA:WT1) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

WASH:USA

Address

23 Broad Street, Westerly, RI, USA, 02891

Website

https://www.washtrust.com

Washington Trust Bancorp Inc through its subsidiaries offers banking and financial services to individuals and businesses. It operates in two segments. The Commercial Banking segment includes lending activities, commercial loans, residential real estate loan deposit activities, and others. The Wealth Management Services segment consists of investment management, financial planning, personal trust, and estate services including services as trustee, personal representative, custodian and guardian, and settlement of decedents' estates. The bank generates a majority of its revenue from the Commercial Banking segment.

Washington Trust Bancorp (FRA:WT1) Headlines

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