Bay Community Bancorp (Bay Community Bancorp) Momentum Rank : 0 (As of Jun. 19, 2024)

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What is Bay Community Bancorp Momentum Rank?

Bay Community Bancorp 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.

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Bay Community Bancorp (Bay Community Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bay Community Bancorp (OTCPK:CBOBA) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Grand Avenue, Suite 1550, Oakland, CA, USA, 94612

Website

https://www.bankcbb.com

Bay Community Bancorp is a community banking institution headquartered in Oakland. It provides a range of loans such as business loans, property loans, construction loans, personal loans and other deposit products. Further, it offers business banking, personal banking, non-profit banking and merchant banking services. The Bank's primary source of revenue is generated from providing loans to customers who are predominately small and middle market businesses and individuals residing in the surrounding areas.

Bay Community Bancorp (Bay Community Bancorp) Headlines

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