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Global IME Bank (XNEP:GBIME) 12-1 Month Momentum % : 27.60% (As of Dec. 11, 2024)


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What is Global IME Bank 12-1 Month Momentum %?

12-1 Month Momentum % is the total return of the stock from 12-month ago to 1-month ago. As of today (2024-12-11), Global IME Bank's 12-1 Month Momentum % is 27.60%.

The industry rank for Global IME Bank's 12-1 Month Momentum % or its related term are showing as below:

XNEP:GBIME's 12-1 Month Momentum % is ranked better than
68.35% of 1608 companies
in the Banks industry
Industry Median: 15.775 vs XNEP:GBIME: 27.60

Competitive Comparison of Global IME Bank's 12-1 Month Momentum %

For the Banks - Regional subindustry, Global IME Bank's 12-1 Month Momentum %, along with its competitors' market caps and 12-1 Month Momentum % 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.


Global IME Bank's 12-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Global IME Bank's 12-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Global IME Bank's 12-1 Month Momentum % falls into.



Global IME Bank  (XNEP:GBIME) 12-1 Month Momentum % Calculation

12-1 Month Momentum % is calculated as following:

12-1 Month Momentum %=( Price 1-month ago / Price 12-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Global IME Bank  (XNEP:GBIME) 12-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 12-1 Month Momentum % measures the total return to a stock over the past twelve months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


Global IME Bank 12-1 Month Momentum % Related Terms

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Global IME Bank Business Description

Traded in Other Exchanges
N/A
Address
IME Complex, Panipokhari, P.O. Box: 19327, Kathmandu, NPL
Global IME Bank Ltd operates as a commercial bank in Nepal which provides entire commercial banking services. The bank offers a complete range of banking products in deposits, lending, trade finance, and remittances. Its deposit product portfolio encompasses customer tailored saving deposits, fixed deposits, call and current deposits. The lending product portfolio includes commercial loan products such as demand loans, cash credits, overdrafts, trust receipts, and term loans, whereas a complete portfolio of personal and retail credit products are also provided by the bank. It also provides internet and mobile banking services.

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