Jordan Commercial Bank (AMM:JCBK) Momentum Rank : 0 (As of Dec. 13, 2024)

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What is Jordan Commercial Bank Momentum Rank?

Jordan Commercial Bank has the Momentum Rank of 0.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

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Jordan Commercial Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Jordan Commercial Bank (AMM:JCBK) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdallah II Street, 8th Circle, Building Number 384, P.O. Box 9989, Al-Rawnaq District, Amman, JOR, 11191

Website

https://www.jcbank.com.jo

Jordan Commercial Bank provides banking and financial solutions and services to corporate, retail, and investment clients. The company's operating segment includes Individual accounts; Corporate accounts; Institutional Financing Treasury and Others. It generates maximum revenue from the Corporate accounts segment. The Corporate accounts segment includes following up on deposits, credit facilities, and banking services related to corporate. Its Individual accounts segment includes following up on individual customers' deposits and granting them credit.

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