GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Sistema SpA (MIL:BST) » Definitions » Momentum Rank

Banca Sistema SpA (MIL:BST) Momentum Rank : 10 (As of May. 12, 2024)


View and export this data going back to 2015. Start your Free Trial

What is Banca Sistema SpA Momentum Rank?

Banca Sistema SpA 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 Banca Sistema SpA's Momentum Rank

For the Banks - Regional subindustry, Banca Sistema 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 Sistema SpA's Momentum Rank Distribution in the Banks Industry

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

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


Banca Sistema SpA Momentum Rank Related Terms

Thank you for viewing the detailed overview of Banca Sistema SpA's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Banca Sistema SpA (MIL:BST) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banca Sistema SpA (MIL:BST) » Definitions » Momentum Rank
Comparable Companies
MIL:PRO MIL:DOV MIL:ILTY MIL:BDB CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180 BSP:ITUB3 USB
Traded in Other Exchanges
B2S:Germany
Address
Largo Augusto 1/A, At the corner of Via Verziere 13, Milan, ITA, 20122
Website
https://www.bancasistema.it
Banca Sistema SpA provides factoring and banking services. It is specialized in the acquisition, management, and financing of receivables. The firm's products and services comprise current accounts, time deposits, funding for SME, non-recourse factoring, credit management, and payment services. Segment reporting of the company includes following divisions: Factoring Division includes the business related to the origination of trade and tax receivables with and without recourse and the management. CQ Division, which includes the business related to the purchase of salary- and pension-backed loans. Collateralized Lending Division includes the business related to collateral backed loans. Corporate Division includes activities related to the management of the Group's financial resources.