Bank Bradesco (Bank Bradesco) 6-1 Month Momentum %

: -2.70% (As of Today)

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6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-04-24), Bank Bradesco's 6-1 Month Momentum % is -2.70%.

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

BBDO's 6-1 Month Momentum % is ranked worse than
77.91% of 1557 companies
in the Banks industry
Industry Median: 10.05 vs BBDO: -2.70

Competitive Comparison

For the Banks - Regional subindustry, Bank Bradesco'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 Bradesco 6-1 Month Momentum % Distribution

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

* The bar in red indicates where Bank Bradesco's 6-1 Month Momentum % falls into.

Bank Bradesco (NYSE:BBDO) 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 Bradesco (NYSE:BBDO) 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 Bradesco 6-1 Month Momentum % Related Terms

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Bank Bradesco (Bank Bradesco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Bradesco SA (NYSE:BBDO) » Definitions » 6-1 Month Momentum %

Comparable Companies

Traded in Other Exchanges

BBD:USA XBBDC:Spain BREA:Germany BREC:Germany BRE:Germany BREC:Germany BRE:Germany BBDC4:Brazil BBDC3:Brazil BBD:Argentina

Address

Cidade de Deus S/N, Vila Yara, Osasco, SP, BRA, 06029?900

Website

https://www.banco.bradesco/ri

Banco Bradesco is Brazil's second-largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation—a private nonprofit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share. In 2016, Bradesco acquired the Brazilian operations of HSBC.