Bank of Labor Bancshares (Bank of Labor Bancshares) Momentum Rank : 0 (As of May. 15, 2024)

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What is Bank of Labor Bancshares Momentum Rank?

Bank of Labor Bancshares 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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Bank of Labor Bancshares (Bank of Labor Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank of Labor Bancshares Inc (OTCPK:BHDB) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

756 Minnesota Avenue, Kansas, KS, USA, 66101

Website

https://www.bankoflabor.com

Bank of Labor Bancshares Inc is a bank holding company offering personal and commercial banking services. The bank serves three different divisions; personal, business and trust banking services. Its personal services include checking accounts, savings accounts, investment management, loans, card, online and account services. Through business banking services it provides savings accounts, retirement plans, online payroll and other business e-banking services. The bank also provides trust solutions, custodial accounts, tax-deferred accounts and estate settlement. Its segments consist of Real Estate, Commercial and Consumer and others.

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