Union Bank Of The Philippines (PHS:UBP) Momentum Rank : 2 (As of May. 06, 2024)

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What is Union Bank Of The Philippines Momentum Rank?

Union Bank Of The Philippines has the Momentum Rank of 2.

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 Union Bank Of The Philippines's Momentum Rank

For the Banks - Regional subindustry, Union Bank Of The Philippines'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.

Union Bank Of The Philippines's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Union Bank Of The Philippines's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Union Bank Of The Philippines's Momentum Rank falls into.

Union Bank Of The Philippines Momentum Rank Related Terms

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Union Bank Of The Philippines (PHS:UBP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank Of The Philippines Inc (PHS:UBP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meralco Avenue corner Onyx and Sapphire Streets, UnionBank Plaza, Ortigas Center, Pasig, PHL, 1605

Website

https://www.unionbankph.com

Union Bank Of The Philippines Inc is a company which provides commercial banking products and services. It offers loans and deposits, cash management, retail banking, foreign exchange, capital markets, corporate and consumer finance, investment management and trust banking. The group's main operating business segments are Consumer Banking, Corporate and Commercial Banking, Treasury and Headquarters. The majority share of groups revenue is generated from Consumer Banking business segment which principally handles individual customers' deposits and provides consumer type loans, such as automobiles and mortgage financing, credit card facilities and funds transfer facilities.