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CoBank ACB (CoBank ACB) Momentum Rank : 0 (As of Jun. 23, 2024)


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What is CoBank ACB Momentum Rank?

CoBank ACB 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.

CoBank ACB Momentum Rank Related Terms

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CoBank ACB (CoBank ACB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » CoBank ACB (OTCPK:CBKLP.PFD) » Definitions » Momentum Rank
Comparable Companies
IEBS OPHC PZBW CCSB BTHT HWIS CSHB SUGR EGDW DLNO ALBY CROL CZID CNNB FRSB CUMD SSNF FCNH CFDB QNTO
Traded in Other Exchanges
N/A
Address
6340 South Fiddlers Green Circle, Greenwood Village, CO, USA, 80111
Website
https://www.cobank.com
CoBank ACB is engaged in providing cooperative banking services. It provides loans, leases, export financing, and other financial services to agribusinesses and rural power, water, and communications providers. The firm provides a broad range of loans and other financial services through three operating segments: Agribusiness, Farm Credit Banking and Rural Infrastructure.

CoBank ACB (CoBank ACB) Headlines

From GuruFocus

Iat Reinsurance Co Ltd. Buys CoBank ACB, AgriBank FCB, CoBank ACB, Sells General Electric Co, AbbVie Inc, DCP Midstream LP

By GuruFocus Research GuruFocus Editor • 08-16-2021