Banco Macro (Banco Macro) 12-1 Month Momentum % : 172.36% (As of Apr. 29, 2024)

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What is Banco Macro 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-04-29), Banco Macro's 12-1 Month Momentum % is 172.36%.

The industry rank for Banco Macro's 12-1 Month Momentum % or its related term are showing as below:

BMA's 12-1 Month Momentum % is ranked better than
99.49% of 1554 companies
in the Banks industry
Industry Median: 10.13 vs BMA: 172.36

Competitive Comparison of Banco Macro's 12-1 Month Momentum %

For the Banks - Regional subindustry, Banco Macro's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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 Macro's 12-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banco Macro's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Banco Macro's 12-1 Month Momentum % falls into.

Banco Macro (NYSE:BMA) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %

( Price 1-month ago

Price 12-month ago

- 1 )

100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Banco Macro (NYSE:BMA) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.

Banco Macro 12-1 Month Momentum % Related Terms

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Banco Macro (Banco Macro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Macro SA (NYSE:BMA) » Definitions » 12-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

B4W:Germany B4W:Germany BMA:Argentina

Address

Avenida Eduardo Madero 1182, City of Buenos Aires, ARG, 1172

Website

https://www.macro.com.ar

Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.