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Brompton Split Banc (TSX:SBC) Momentum Rank : 8 (As of May. 04, 2024)


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What is Brompton Split Banc Momentum Rank?

Brompton Split Banc has the Momentum Rank of 8.

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 Brompton Split Banc's Momentum Rank

For the Asset Management subindustry, Brompton Split Banc'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.


Brompton Split Banc's Momentum Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Brompton Split Banc's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Brompton Split Banc's Momentum Rank falls into.



Brompton Split Banc Momentum Rank Related Terms

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Brompton Split Banc (TSX:SBC) Business Description

Traded in Other Exchanges
Address
181 Bay Street, Suite 2930, Bay Wellington Tower, Brookfield Place, Toronto, ON, CAN, M5J 2T3
Brompton Split Banc Corp is a Canadian-based mutual fund corporation that invests in a common share portfolio of Canadian banks. Its investment objective for preferred shareholders holders is to provide fixed, cumulative, preferential quarterly cash distributions and to return the original issue price at maturity, and for class A shares holders are to provide monthly cash distributions and the opportunity for growth in Net Asset Value per share. Its products include ETFs, Split share Corps, Preferred Shares, and other TSX-traded funds.

Brompton Split Banc (TSX:SBC) Headlines

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