Shengjing Bank Co (HKSE:02066) Momentum Rank : 1 (As of May. 13, 2024)

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What is Shengjing Bank Co Momentum Rank?

Shengjing Bank Co has the Momentum Rank of 1.

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 Shengjing Bank Co's Momentum Rank

For the Banks - Regional subindustry, Shengjing Bank Co'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.

Shengjing Bank Co's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Shengjing Bank Co's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Shengjing Bank Co's Momentum Rank falls into.

Shengjing Bank Co Momentum Rank Related Terms

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Shengjing Bank Co (HKSE:02066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Shengjing Bank Co Ltd (HKSE:02066) » Definitions » Momentum Rank

Traded in Other Exchanges

6SY:Germany

Address

No. 109 Beizhan Road, Shenhe District, Liaoning Province, Shenyang, CHN, 110013

Website

https://www.shengjingbank.com.cn

Shengjing Bank Co Ltd operates as a commercial bank. The company's services include personal banking, corporate finance services, and financial services. The operating business segments are Corporate Banking, Retail Banking, Treasury Business, and Others. It derives maximum revenue from the Corporate Banking segment which includes the provision of a range of financial products and services to corporations, government agencies, and financial institutions. Its products and services include corporate loans and advances, trade financing and deposit-taking activities, agency services, and remittance and settlement services.

Shengjing Bank Co (HKSE:02066) Headlines

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