KB Financial Group (KB Financial Group) 12-1 Month Momentum % : 48.50% (As of Apr. 29, 2024)

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What is KB Financial Group 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 (2024-04-29), KB Financial Group's 12-1 Month Momentum % is 48.50%.

The industry rank for KB Financial Group's 12-1 Month Momentum % or its related term are showing as below:

KB's 12-1 Month Momentum % is ranked better than
85.52% of 1554 companies
in the Banks industry
Industry Median: 10.13 vs KB: 48.50

Competitive Comparison of KB Financial Group's 12-1 Month Momentum %

For the Banks - Regional subindustry, KB Financial Group'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.

KB Financial Group's 12-1 Month Momentum % Distribution in the Banks Industry

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

* The bar in red indicates where KB Financial Group's 12-1 Month Momentum % falls into.

KB Financial Group (NYSE:KB) 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.

KB Financial Group (NYSE:KB) 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.

KB Financial Group 12-1 Month Momentum % Related Terms

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KB Financial Group (KB Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » KB Financial Group Inc (NYSE:KB) » Definitions » 12-1 Month Momentum %

Traded in Other Exchanges

105560:Korea KBIA:Germany KB:Argentina

Address

26, Gukjegeumyung-ro 8-gil, Yeongdeungpo-gu, Seoul, KOR, 07331

Website

https://www.kbfg.com

KB Financial is the parent company of KB Kookmin Bank, Korea's largest commercial bank, with a 12.8% share of loans as of 2022. Its predecessor banks were established in the 1960s as government policy banks and privatized in the 1990s. Its credit card subsidiary KB Kookmin Card is the number-three player behind Shinhan Card and Samsung Card. KB has in recent years expanded its nonbank business by buying LIG Insurance and Hyundai Securities, making KB a top-five player in nonlife insurance and in securities, and most recently by buying Prudential Life Insurance Korea. It also has KB Capital, which provides leasing and installment finance.