Habib Bank (KAR:HBL) Momentum Rank : 0 (As of Jun. 08, 2024)

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What is Habib Bank Momentum Rank?

Habib Bank 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.

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Habib Bank (KAR:HBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Habib Bank Ltd (KAR:HBL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

HBL Tower, Plot No. G-4, KDA Scheme 5, Block 7 Clifton, Karachi, PAK, 75650

Website

https://www.hbl.com

Habib Bank Ltd is engaged in commercial banking related services in Pakistan and overseas. The operating business segments are Branch banking, Consumer, SME and rural banking, Islamic banking, Corporate, commercial and investment banking, International and correspondent banking, Treasury, Asset management, Microfinance and Head Office / Others. The company operates in Pakistan, the Middle East, Asia and Africa, and Europe and North America. The branch banking segment derives maximum revenue for the company.

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