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Banco Suquia (BUE:BSUQ5) Momentum Rank : 0 (As of May. 17, 2024)


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What is Banco Suquia Momentum Rank?

Banco Suquia 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.

Banco Suquia Momentum Rank Related Terms

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Banco Suquia (BUE:BSUQ5) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Suquia SA (BUE:BSUQ5) » Definitions » Momentum Rank
Comparable Companies
BUE:BHIP BUE:SUPV BUE:BPAT BUE:FRAN BUE:BRIO6 BUE:BMA.5 BUE:GGAL BUE:BSBR BUE:BBD
Traded in Other Exchanges
N/A
Address
Ayacucho 60, Cordoba, ARG
Website
http://www.bancosuquia.com.ar
Banco Suquia SA provides financial solutions to professionals, small to medium companies, and individuals in Argentina. It offers services, such as credit cards, foreign currency transactions, electronic banking services, insurance, security boxes, credit for business marketing development, among others.

Banco Suquia (BUE:BSUQ5) Headlines

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