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Keiyo Bank (TSE:8544) Momentum Rank : 0 (As of May. 22, 2024)


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What is Keiyo Bank Momentum Rank?

Keiyo 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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Keiyo Bank (TSE:8544) Business Description

Traded in Other Exchanges
N/A
Address
1-11-11, Fujimi, Chuo-ku, Chiba, JPN, 260-0015
Keiyo Bank Ltd is a Japanese regional bank operating in the Chiba prefecture. Nearly half of its banking locations are in Chiba proper. Its commercial banking activities include consumer loans, foreign currency deposits, and ATM services. Most of the bank's earning assets are in loans and bill discounted, along with securities. Most of its retail loan portfolio is concentrated in housing loans and loans to small and midsize companies. The bank relies on a consulting arm that works with customers to curtail nonperforming loans. In addition to net interest income, the bank relies on fees and commissions to generate income.

Keiyo Bank (TSE:8544) Headlines

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