BAP (Credicorp) Momentum Rank : 8 (As of Apr. 09, 2025)

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What is Credicorp Momentum Rank?

Credicorp has the Momentum Rank of 8.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

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

Competitive Comparison of Credicorp's Momentum Rank

For the Banks - Regional subindustry, Credicorp's Momentum Rank, along with its competitors' market caps and Momentum Rank 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.

Credicorp's Momentum Rank Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Credicorp's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Credicorp's Momentum Rank falls into.

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Credicorp Momentum Rank Related Terms

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Credicorp Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Credicorp Ltd (NYSE:BAP) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

BAP:Peru 0U8N:UK

Address

Calle Centenario 156, La Molina, Lima, PER, 12

Website

https://www.grupocredicorp.com

Credicorp Ltd is a Peruvian financial services company. It operates in four business lines including Universal Banking, Insurance and Pensions, Microfinance, and Investment Management & Advisory. Its subsidiaries include Banco de Credito del Peru, Prima AFP, and Credicorp Capital.