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Riverbank Hldg Co (Riverbank Hldg Co) Momentum Rank : 0 (As of May. 24, 2024)


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What is Riverbank Hldg Co Momentum Rank?

Riverbank Hldg Co 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.

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Riverbank Hldg Co (Riverbank Hldg Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Riverbank Hldg Co (OTCPK:RBNK) » Definitions » Momentum Rank
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Traded in Other Exchanges
N/A
Address
202 East Spokane Falls Boulevard, Suite 400, Spokane, WA, USA, 99202
Website
https://www.riverbankonline.com
Riverbank Hldg Co is a community bank. It provides an alternative to traditional banking through its single-location model and Mobile Branch Services. The Bank's operations include commercial banking services, such as lending activities, deposit products, and other cash management services.

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