Banco de Credito e Inversiones (XSGO:BCI) Momentum Rank : 8 (As of May. 22, 2024)

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What is Banco de Credito e Inversiones Momentum Rank?

Banco de Credito e Inversiones 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 Banco de Credito e Inversiones's Momentum Rank

For the Banks - Regional subindustry, Banco de Credito e Inversiones'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.

Banco de Credito e Inversiones's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco de Credito e Inversiones's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Banco de Credito e Inversiones's Momentum Rank falls into.

Banco de Credito e Inversiones Momentum Rank Related Terms

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Banco de Credito e Inversiones (XSGO:BCI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco de Credito e Inversiones SA (XSGO:BCI) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida el Golf 125, Las Condes, Santiago, CHL

Website

http://www.bci.cl

Banco de Credito e Inversiones SA is a commercial bank incorporated in Chile. The company operations are divided into three segments: retail banking, commercial banking and investment banking. Retail operations consist of savings accounts, demand deposits, consumer and mortgage loans, credit cards, investment and insurance products. The investment banking products and services include time deposits, mutual funds, and spot and futures transactions. The company also provides factoring, stock and insurance brokering, asset management, securitization, and financial consultancy. The company is present in Mexico City, Sao Paulo, Lima, Bogota, and Madrid.

Banco de Credito e Inversiones (XSGO:BCI) Headlines

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