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Banco Provincial (CAR:BPV) Momentum Rank : 0 (As of May. 14, 2024)


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What is Banco Provincial Momentum Rank?

Banco Provincial 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 Provincial Momentum Rank Related Terms

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Banco Provincial (CAR:BPV) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Provincial SA (CAR:BPV) » Definitions » Momentum Rank
Comparable Companies
CAR:MVZ.A CAR:BNC CAR:ABC.A NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER SGX:D05 NSE:SBIN HKSE:01658 SAU:1180 BSP:ITUB3 USB ISX:BBRI MIL:ISP PNC SHSE:601166
Traded in Other Exchanges
N/A
Address
Urbanisation San Bernardino Avenue East West, Provincial Financial Center, Caracas, VEN
Website
https://www.provincial.com
Banco Provincial SA operates as a bank in Venezuela. The company offers Current, Savings, Foreign currency accounts, mutual funds, Gold credit card, Classic Credit card, debit cards. It also provides various banking services which include personal loans, mortgage loan, vehicle loans, flexible credit to its customers in Venezuela.

Banco Provincial (CAR:BPV) Headlines

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