Cargills Bank (COL:CBNK.N0000) Momentum Rank : 0 (As of Mar. 02, 2025)

View and export this data going back to 2024. Start your Free Trial

What is Cargills Bank Momentum Rank?

Cargills Bank has the Momentum Rank of 0.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

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.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Cargills Bank Momentum Rank Related Terms

Thank you for viewing the detailed overview of Cargills Bank's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Cargills Bank Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Cargills Bank PLC (COL:CBNK.N0000) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Galle Road, No. 696, Colombo, LKA, 3

Website

https://www.cargillsbank.com

Cargills Bank PLC is a financial services institution providing a comprehensive range of financial services encompassing accepting deposits, corporate and retail banking, project financing, trade finance, treasury services, issuing of credit cards and debit cards, offshore banking, resident and non-resident foreign currency operations, invoice discounting, electronic banking services such as: telephone banking, internet banking, mobile banking and money remittance facilities, etc. The reportable segments of the bank are named as Banking, Treasury and Investments, and Unallocated. The company generates maximum income from Treasury and Investments segment.

Cargills Bank Headlines

No Headlines