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Banque Nationale de Belgique (XBRU:BNB) 6-1 Month Momentum % : -19.58% (As of Jul. 13, 2024)


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What is Banque Nationale de Belgique 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-07-13), Banque Nationale de Belgique's 6-1 Month Momentum % is -19.58%.

The industry rank for Banque Nationale de Belgique's 6-1 Month Momentum % or its related term are showing as below:

XBRU:BNB's 6-1 Month Momentum % is ranked worse than
90.13% of 1601 companies
in the Banks industry
Industry Median: -0.33 vs XBRU:BNB: -19.58

Competitive Comparison of Banque Nationale de Belgique's 6-1 Month Momentum %

For the Banks - Regional subindustry, Banque Nationale de Belgique's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 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.


Banque Nationale de Belgique's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Banque Nationale de Belgique's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Banque Nationale de Belgique's 6-1 Month Momentum % falls into.



Banque Nationale de Belgique  (XBRU:BNB) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-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.


Banque Nationale de Belgique  (XBRU:BNB) 6-1 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 6-1 Month Momentum % measures the total return to a stock over the past six 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.


Banque Nationale de Belgique 6-1 Month Momentum % Related Terms

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Banque Nationale de Belgique (XBRU:BNB) Business Description

Traded in Other Exchanges
N/A
Address
Boulevard de Berlaimont 14, Brussels, BEL, 1000
Banque Nationale de Belgique SA, or the National Bank of Belgium, is the country's central bank. The bank does not operate like other banks whose chief objective is profit maximization for its shareholders. Its primary aim is to maintain price stability as well as supervision of the Belgian financial sector and other related tasks in the national interest. The most notable portion of assets on the balance sheet include securities held for monetary policy purposes. Other notable assets include other securities and net claims related to the allocation of euro banknotes within the Eurosystem. Net interest income is the overwhelming majority of net revenue.

Banque Nationale de Belgique (XBRU:BNB) Headlines

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