Nabil Bank (XNEP:NABIL) Momentum Rank : 0 (As of Jun. 09, 2024)

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What is Nabil Bank Momentum Rank?

Nabil 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.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Nabil Bank (XNEP:NABIL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nabil Bank Ltd (XNEP:NABIL) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beena Marga, Durbar Marg, Nabil Center, Tindhara, Kathmandu, NPL, 44600

Website

https://www.nabilbank.com

Nabil Bank Ltd is a private sector bank in Nepal. It is engaged in providing a full range of commercial banking services. The company has seven segments based on geographic location. It generates maximum revenue from the Province 3 region. The company's products and services include Financial Intermediation, Treasury Operations, Trade Finance Operations and Cards, e-banking, and alternate channels. Some of its services include General Savings, Fixed Deposit account, housing loan, education loan, Online Account Management, Merchant Payment Service, and others. It earns a majority of revenue from Financial Intermediation.

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