Banca Popolare di Sondrio SpA (MIL:BPSO) Momentum Rank : 6 (As of May. 07, 2024)

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What is Banca Popolare di Sondrio SpA Momentum Rank?

Banca Popolare di Sondrio SpA has the Momentum Rank of 6.

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 Banca Popolare di Sondrio SpA's Momentum Rank

For the Banks - Regional subindustry, Banca Popolare di Sondrio SpA'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.

Banca Popolare di Sondrio SpA's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banca Popolare di Sondrio SpA's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Banca Popolare di Sondrio SpA's Momentum Rank falls into.

Banca Popolare di Sondrio SpA Momentum Rank Related Terms

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Banca Popolare di Sondrio SpA (MIL:BPSO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Popolare di Sondrio SpA (MIL:BPSO) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

0NWJ:UK 593:Germany

Address

Piazza Garibaldi, 16, Sondrio, ITA, 23100

Website

https://www.popso.it

Banca Popolare di Sondrio SpA is a full-service cooperative bank operating primarily in Northern Italy but also in Central Italy and Switzerland. The bank's overall strategy is geared toward sustaining local economies, particularly small- and medium-sized businesses and households. most of the bank's business is generated through business banking, followed by individual banking activities. The bank generates most of its net revenue through net interest income, followed by net fees and commissions and net trading income. A majority of the bank's earning assets are mortgage loans. The bank's lending strategy revolves around a low propensity for risk and an emphasis on diversification.

Banca Popolare di Sondrio SpA (MIL:BPSO) Headlines

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