Askari Bank (KAR:AKBL) Momentum Rank : 0 (As of Jun. 13, 2024)

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What is Askari Bank Momentum Rank?

Askari 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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Askari Bank (KAR:AKBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Askari Bank Ltd (KAR:AKBL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

AWT Plaza, The Mall, P.O. Box No. 1084, Rawalpindi, PB, PAK, 46000

Website

http://www.askaribank.com

Askari Bank Ltd operates as a bank in Pakistan. The bank operates its business through segments namely Branch banking; Corporate banking; Treasury; Consumer banking; Islamic banking; Foreign operations; and Other. It generates maximum revenue from the Branch banking segment. The Branch banking segment consists of loans, deposits, and other banking services including branchless banking services to small enterprises, medium enterprises, agriculture, and individual customers. Geographically, it derives a majority of its revenue from Pakistan.

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