DFCC Bank (COL:DFCC.N0000) Momentum Rank : 0 (As of May. 26, 2024)

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What is DFCC Bank Momentum Rank?

DFCC Bank 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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DFCC Bank (COL:DFCC.N0000) Business Description

Industry

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

Traded in Other Exchanges

N/A

Address

73/5, Galle Road, Colombo, LKA, 03

Website

https://www.dfcc.lk

DFCC Bank PLC is a development bank operating along with its subsidiary and venture company in Sri Lanka that operates in four segments; Corporate Banking includes Loans deposits and other transactions and balances with corporate customers, Retail Banking includes Loans, deposits, and other transactions and balances with retail customers, The Treasury segment includes Funding and centralized risk management activities through borrowings, issues of debt securities, use of derivatives for risk management purposes and investing in short-term placements and corporate and government debt securities, and Other segment includes Revenue and expenses attributable to the incorporated business segments of industrial estate management, unit trust management, stock brokering, and consultancy services.

DFCC Bank (COL:DFCC.N0000) Headlines

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