Arab National Bank (SAU:1080) Momentum Rank : 0 (As of Jun. 04, 2024)

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What is Arab National Bank Momentum Rank?

Arab National 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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Arab National Bank (SAU:1080) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Arab National Bank (SAU:1080) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Arab National Bank, P.O. Box 56921, Riyadh, SAU, 11564

Website

https://www.anb.com.sa

Arab National Bank is a commercial banking service provider based in Saudi Arabia. Its core business comprises commercial, Islamic, and investment banking services. The company's business is divided into business segments; the Retail banking segment includes Deposit, credit, and investment products for individuals and the Bank's London branch, and the Corporate banking segment includes Loans and advances, deposits, and other credit products for corporate and institutional customers, small to medium-sized businesses.

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