Karnataka Bank (BOM:532652) Momentum Rank : 8 (As of May. 06, 2025)

View and export this data going back to 2005. Start your Free Trial

What is Karnataka Bank Momentum Rank?

Karnataka Bank 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 Karnataka Bank's Momentum Rank

For the Banks - Regional subindustry, Karnataka Bank'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.

Karnataka Bank's Momentum Rank Distribution in the Banks Industry

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

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

Save Embed

;

Save Embed

;

Karnataka Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Karnataka Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Karnataka Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Karnataka Bank Ltd (BOM:532652) » Definitions » Momentum Rank

Traded in Other Exchanges

KTKBANK:India

Address

Mahaveera Circle, Post Box No. 599, Kankanady, Mangaluru, KA, IND, 575 002

Website

https://www.karnatakabank.com

Karnataka Bank Ltd is an Indian banking company. Its operating segment includes Treasury operations, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. It generates maximum revenue from the Retail Banking segment. Geographically, it operates only in India. The company's products and services include savings accounts, certificates of deposits, cash management accounts, money market accounts, loans and advances, and others.

Karnataka Bank Headlines

No Headlines