Valley National Bancorp (BSP:VLYB34) Momentum Rank : 3 (As of May. 03, 2024)

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What is Valley National Bancorp Momentum Rank?

Valley National Bancorp has the Momentum Rank of 3.

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 Valley National Bancorp's Momentum Rank

For the Banks - Regional subindustry, Valley National Bancorp'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.

Valley National Bancorp's Momentum Rank Distribution in the Banks Industry

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

* The bar in red indicates where Valley National Bancorp's Momentum Rank falls into.

Valley National Bancorp Momentum Rank Related Terms

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Valley National Bancorp (BSP:VLYB34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Valley National Bancorp (BSP:VLYB34) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

VLYPO.PFD:USA VLYPP.PFD:USA VLY:USA VNB:Germany

Address

One Penn Plaza, New York, NY, USA, 10119

Website

https://www.valley.com

Valley National Bancorp is a bank holding company whose principal wholly-owned subsidiary is Valley National Bank. It provides a full range of commercial, retail, and trust and investment services largely through its offices and ATM network throughout northern and central New Jersey, New York City and Long Island, Florida, and Alabama. The segments of the group are commercial lending, consumer lending, investment management, and corporate and other adjustments, of which key interest income is derived from the commercial lending segment. In recent years, the company has focused on acquiring companies that operate outside of traditional banking and has emphasized wealth and capital management.

Valley National Bancorp (BSP:VLYB34) Headlines

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