Bancontander Mexico (Bancontander Mexico) Momentum Rank : 0 (As of May. 05, 2024)

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What is Bancontander Mexico Momentum Rank?

Bancontander Mexico 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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Bancontander Mexico (Bancontander Mexico) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Santander Mexico SA (NYSE:BSMX) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Avenida Prolongacion Paseo de la Reforma 500, Colonia Lomas de Santa Fe, Alcaldía Alvaro Obregon, Mexico, DF, MEX, 01219

Website

https://www.santander.com.mx

Banco Santander Mexico SA provides a wide range of financial and related services. The company's segments include Retail Banking; Corporate and Investment Banking and Corporate Activities. It generates maximum revenue from the Retail Banking segment. Retail Banking activities include products and services for SME such as personal loans, deposit-taking, employee payroll accounts for corporate customers, credit and debit cards, and overdraft facilities.