Hang Seng Bank (Hang Seng Bank) Momentum Rank : 1 (As of Apr. 28, 2024)

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

What is Hang Seng Bank Momentum Rank?

Hang Seng Bank has the Momentum Rank of 1.

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.

Competitive Comparison of Hang Seng Bank's Momentum Rank

For the Banks - Regional subindustry, Hang Seng Bank's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Hang Seng Bank's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Hang Seng Bank's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Hang Seng Bank's Momentum Rank falls into.

Hang Seng Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Hang Seng Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Hang Seng Bank (Hang Seng Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hang Seng Bank Ltd (OTCPK:HSNGF) » Definitions » Momentum Rank

Traded in Other Exchanges

HSNGY:USA 00011:Hong Kong HSB:Germany

Address

83 Des Voeux Road Central, Hong kong, HKG

Website

https://www.hangseng.com

Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments, retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake.

Hang Seng Bank (Hang Seng Bank) Headlines

From GuruFocus

Hang Seng Bank Ltd's Dividend Analysis

By GuruFocus Research • 10-16-2023