GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Aval Acciones y Valores SA (BOG:GRUPOAVAL) » Definitions » Momentum Rank

Grupo Aval Acciones y Valores (BOG:GRUPOAVAL) Momentum Rank : 0 (As of Jun. 09, 2024)


View and export this data going back to 1998. Start your Free Trial

What is Grupo Aval Acciones y Valores Momentum Rank?

Grupo Aval Acciones y Valores 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.

Grupo Aval Acciones y Valores Momentum Rank Related Terms

Thank you for viewing the detailed overview of Grupo Aval Acciones y Valores's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Grupo Aval Acciones y Valores (BOG:GRUPOAVAL) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Aval Acciones y Valores SA (BOG:GRUPOAVAL) » Definitions » Momentum Rank
Comparable Companies
BOG:BHI BOG:BOGOTA BOG:PFDAVVNDA BOG:BBVACOL BOG:OCCIDENTE BOG:POPULAR BOG:VILLAS BOG:PFBCOLOM CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN
Traded in Other Exchanges
AVAL:USA 6GAA:Germany 6GAA:Germany PFAVAL:Columbia
Address
Carrera 13 No. 26A - 47, Bogota D.C., COL, 110311
Website
https://www.grupoaval.com
Grupo Aval Acciones y Valores SA is a Colombian financial services company. Its local operations consist of commercial banking (Banco de Bogota, Banco de Occidente, Banco Popular, and Banco AV Villas), pension fund management (Porvenir), and merchant banking (Corficolombiana). Outside Colombia, the company offers (via BAC Credomatic operations) consumer and credit card banking businesses in Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama) and Mexico. BAC Credomatic has key alliances with major credit card networks, such as Visa, MasterCard, American Express, and Diners Club.

Grupo Aval Acciones y Valores (BOG:GRUPOAVAL) Headlines

No Headlines