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Nations Trust Bank (COL:NTB.N0000) Momentum Rank : 0 (As of Jan. 18, 2025)


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What is Nations Trust Bank Momentum Rank?

Nations Trust 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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Nations Trust Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Nations Trust Bank PLC (COL:NTB.N0000) » Definitions » Momentum Rank
Comparable Companies
COL:DFCC.N0000 COL:NDB.N0000 COL:SEYB.N0000 COL:PABC.N0000 COL:ABL.N0000 COL:UBC.N0000 COL:CBNK.N0000 COL:SDB.N0000 COL:SAMP.N0000 COL:HNB.N0000 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 SGX:D05 NSE:SBIN PNC USB ISX:BBCA HKSE:01658
Traded in Other Exchanges
N/A
Address
No. 242, Union Place, Colombo, LKA, 02
Website
https://www.nationstrust.com
Nations Trust Bank PLC is engaged in various business segments Corporate Banking, which provides loans and other credit facilities, and mobilizing deposit and current accounts; Consumer and Commercial Banking, which involves deposit mobilization and providing personal financing including personal, home loans, and credit card facilities; Treasury and Investment include foreign exchange trading, fixed income security trading, assets and liabilities management, margin trading, money market operations and fund and fee-based activities; Insurance Broking includes insurance broking; Property Management includes renting out premises.

Nations Trust Bank Headlines

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