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Truist Financial (WBO:TFC) Momentum Rank : 0 (As of Apr. 29, 2024)


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What is Truist Financial Momentum Rank?

Truist Financial 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.

Truist Financial Momentum Rank Related Terms

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Truist Financial (WBO:TFC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Truist Financial Corp (WBO:TFC) » Definitions » Momentum Rank
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Address
214 North Tryon Street, Charlotte, NC, USA, 28202
Website
https://www.truist.com
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.