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Banco Modal (BSP:MODL4) Momentum Rank : 0 (As of May. 06, 2024)


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What is Banco Modal Momentum Rank?

Banco Modal 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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Banco Modal (BSP:MODL4) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Modal SA (BSP:MODL4) » Definitions » Momentum Rank
Comparable Companies
BSP:BEES3 BSP:BMGB4 BSP:BMEB3 BSP:BAZA3 BSP:BRIV3 BSP:BGIP3 BSP:BMIN3 BSP:ABCB4 BSP:BRSR3 BSP:BNBR3 CAR:MVZ.A CAR:BNC SHSE:600036 SAU:1120 NSE:HDFCBANK SAU:1180 USB HKSE:01658 PNC XPAR:BNP
Traded in Other Exchanges
N/A
Address
Praia De Botafogo 501, 6th Floor, Sugar loaf Tower, Rio De Janiero, RJ, BRA, 22250-040
Website
https://www.modal.com.br
Banco Modal SA is an investment bank with operations in structuring and coordinating operations in the national market. It advises companies in strategic decision-making moments such as mergers, acquisitions, fundraising, going public, and investment opportunities. It is a limited liability corporation, whose objective is to carry out banking operations and to render the permitted services for multiservice banks with commercial, investment and foreign exchange portfolios.

Banco Modal (BSP:MODL4) Headlines

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