Bank of the Philippine Islands (Bank of the Philippine Islands) 6-1 Month Momentum % : 29.32% (As of Apr. 27, 2024)

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What is Bank of the Philippine Islands 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 (2024-04-27), Bank of the Philippine Islands's 6-1 Month Momentum % is 29.32%.

The industry rank for Bank of the Philippine Islands's 6-1 Month Momentum % or its related term are showing as below:

BPHLY's 6-1 Month Momentum % is ranked better than
68.64% of 1556 companies
in the Banks industry
Industry Median: 10.255 vs BPHLY: 29.32

Competitive Comparison of Bank of the Philippine Islands's 6-1 Month Momentum %

For the Banks - Regional subindustry, Bank of the Philippine Islands'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.

Bank of the Philippine Islands's 6-1 Month Momentum % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Bank of the Philippine Islands's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where Bank of the Philippine Islands's 6-1 Month Momentum % falls into.

Bank of the Philippine Islands (OTCPK:BPHLY) 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.

Bank of the Philippine Islands (OTCPK:BPHLY) 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.

Bank of the Philippine Islands 6-1 Month Momentum % Related Terms

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Bank of the Philippine Islands (Bank of the Philippine Islands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of the Philippine Islands (OTCPK:BPHLY) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

BPHLF:USA BPI:Philippines

Address

Ayala Avenue Corner Salcedo Street, Ayala North Exchange Tower 1, Legaspi Village, Metro Manila, Makati City, PHL, 1229

Website

https://www.bpiexpressonline.com

Bank of the Philippine Islands is a universal bank offering a range of financial products and solutions for both retail and corporate customers. BPI's services include consumer banking and lending, asset management, insurance, securities brokerage and distribution, foreign exchange, leasing, and corporate and investment banking. The bank has a wide network and operates almost entirely in the Philippines with some exposure to Hong Kong and Europe. The bank's primary shareholder for decades has been the Ayala Corporation, a large Filipino conglomerate that holds about half of the bank's outstanding shares. It has also long been associated with the Catholic Church and its charities and endowments. Large corporate customers constitute the majority of the bank's loan portfolio.