Banco Pine (BSP:PINE4) Momentum Rank : 9 (As of May. 15, 2024)

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What is Banco Pine Momentum Rank?

Banco Pine has the Momentum Rank of 9.

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.

Competitive Comparison of Banco Pine's Momentum Rank

For the Banks - Regional subindustry, Banco Pine'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.

Banco Pine's Momentum Rank Distribution in the Banks Industry

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

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

Banco Pine Momentum Rank Related Terms

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Banco Pine (BSP:PINE4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Pine SA (BSP:PINE4) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

PINE3:Brazil

Address

Avenida Presidente Juscelino Kubitschek, n° 1.830 - 4th Floor, Itaim Bibi, Pinheiros, SP, BRA, 4543900

Website

https://www.pine.com

Banco Pine SA is a banking company. It operates commercial, credit and financing and foreign exchange portfolios. The company's operations are conducted in the context of a group of institutions which act jointly, and certain transactions involve the co-participation or intermediation of member companies of the Pine financial conglomerate. The benefits from the intercompany services and the costs for the operating and administrative structures are absorbed, either jointly or individually, by these companies as is practicable and reasonable in the circumstances.

Banco Pine (BSP:PINE4) Headlines

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