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Hatton National Bank (COL:HNB.N0000) Momentum Rank : 0 (As of Jun. 21, 2024)


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What is Hatton National Bank Momentum Rank?

Hatton National 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.

Hatton National Bank Momentum Rank Related Terms

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Hatton National Bank (COL:HNB.N0000) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hatton National Bank PLC (COL:HNB.N0000) » Definitions » Momentum Rank
Comparable Companies
COL:SAMP.N0000 COL:COMB.N0000 COL:DFCC.N0000 COL:NTB.N0000 COL:SEYB.N0000 COL:NDB.N0000 COL:UBC.N0000 COL:PABC.N0000 COL:ABL.N0000 COL:SDB.N0000 CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
HNB.X0000:Sri Lanka
Address
T B Jayah Mawatha (Darley Road), HNB Towers, No. 479, P.O. Box 837, Colombo, LKA, 10
Website
https://www.hnb.net
Hatton National Bank PLC is a private sector commercial bank operating in Sri Lanka. The company's segment includes Corporate; Retail; SME; Micro; Treasury; Real Estate; Insurance and NBFI. It generates maximum revenue from the Treasury segment.

Hatton National Bank (COL:HNB.N0000) Headlines

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